Fly News Breaks for January 13, 2016
PAGP, PAA
Jan 13, 2016 | 05:57 EDT
JPMorgan analyst Jeremy Tonet downgraded Plains All American (PAA) to Neutral following yesterday's $1.5B private placement saying future outperformance largely depends on higher crude oil prices. The analyst has limited visibility into such an event and cut his price target for the shares to $28 from $43. Tonet this morning also downgraded Plains GP Holdings (PAGP) to Neutral.
News For PAA;PAGP From the Last 2 Days
PAA
Apr 16, 2024 | 06:56 EDT
Stifel raised the firm's price target on Plains All American to $22 from $18 and keeps a Buy rating on the shares. The firm updated several of its midstream estimates and target prices ahead of Q1 earnings.