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Fly News Breaks for February 8, 2018
PAA
Feb 8, 2018 | 08:01 EDT
Seaport analyst Bernie Colson upgraded Plains All American to BUy and raised its price target to $25 from $23 following the Q4 report and guidance. Colson believes 2017 could mark a trough as oil prices have increased, improving Plains business health. The analyst is confident the company can execute on its 2018 deleveraging plan and is likely to have continued excess cash flow that can be used to reduce debt.
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