Information Provided By:
Fly News Breaks for May 9, 2018
PAGP, PAA
May 9, 2018 | 08:11 EDT
As previously reported, Stifel analyst Selman Akyol downgraded both Plains All American (PAA) and Plains GP Holdings (PAGP) to Hold from Buy. Plains All American posted Q1 results that were above his expectations, mainly driven by stronger than anticipated Supply & Logistics, but the company maintained 2018 guidance and noted the S&L business is unlikely to participate in wide Permian basis differential, noted Akyol. He looks toward Plains' upcoming analyst day to better understand the Permian's growth trajectory in light of takeaway capacity, he added. He maintains his $24 price targets on both Plains All American and Plains GP units.
News For PAA;PAGP From the Last 2 Days
There are no results for your query PAA;PAGP