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Fly News Breaks for August 28, 2017
PAA
Aug 28, 2017 | 07:16 EDT
Raymond James analyst Darren Horowitz upgraded Plains All American to Strong Buy from Outperform saying the new distribution reset/capital structure platform will put the company on a sustainable, strategically stronger financial footing, combined with a discounted relative valuation and leverage to a robust growth outlook for North American crude production. Horowitz maintained a $24 price target on shares.
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