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Fly News Breaks for December 9, 2016
PAA, PAGP
Dec 9, 2016 | 06:12 EDT
JPMorgan analyst Jeremy Tonet upgraded Plains GP Holdings (PAGP) to Overweight saying now is a good time to buy the shares with the worst behind the company. The analyst sees potential for upside revisions to Permian crude oil production forecasts and raised his price target for the stock to $37 from $29.50. Tonet also upgraded this morning Plains All American (PAA) to Overweight.
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