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Fly News Breaks for December 9, 2015
PAGP, PAA
Dec 9, 2015 | 08:08 EDT
Stephens analyst Matt Schmid acknowledges the near-term operating environment for Plains will be challenged, but noted that the company just said that it expects to maintain its current distribution and he believes it may return to distribution growth in 2017. Schmid reiterates an Overweight ratings on Plains All American (PAA) and Plains GP Holdings (PAGP), but lowered his price targets on the stocks to $37 and $17, from $43 and $20, respectively.
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