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Fly News Breaks for March 6, 2018
PAA
Mar 6, 2018 | 06:12 EDT
Stifel analyst Selman Akyol upgraded Plains All American Pipeline to Buy from Hold with an unchanged price target of $24. The analyst expects that over the next two years, Plains will grow cash flows per unit at the highest rate relative to its large cap peers, or 12% annually. He believes investors are well served by the company's "strong presence" in the Permian, number of projects entering service over the next 12 months and de-levered balance sheet.
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