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PAA

Plains All American

$20.19

0.1 (0.50%)

, PAGP

Plains GP Holdings

$21.00

0.13 (0.62%)

16:09
08/25/17
08/25
16:09
08/25/17
16:09

Plains All American: Timeliness, hurricane reasons for timing of Friday call

Greg Armstrong, Chairman and CEO of Plains All American, "acknowledged the inconvenience of a Friday afternoon press release and conference call, but noted that the timing was driven by a desire to timely communicate this information to the market following the board's Thursday afternoon meeting and avoid potential delays associated with Hurricane Harvey."

PAA

Plains All American

$20.19

0.1 (0.50%)

PAGP

Plains GP Holdings

$21.00

0.13 (0.62%)

  • 25

    Aug

  • 25

    Aug

  • 08

    Nov

PAA Plains All American
$20.19

0.1 (0.50%)

08/21/17
08/21/17
UPGRADE
Target $23

Buy
Plains All American upgraded to Buy from Hold at Jefferies
As previously reported, Jefferies analyst Christopher Sighinolfi upgraded Plains All American (PAA) to Buy from Hold, arguing that the 25% selloff since early August has created an attractive entry point as the company's assets remain strategic and levered to high-growth regions. However, Sighinolfi does project a further distribution cut to an annualized rate of $1.40 by October and lowered his price target on the stock to $23 from $28. Sighinolfi also upgraded Plains GP Holdings (PAGP), also to Buy, but cut his price target on the units to $24 from $27.
08/21/17
JEFF
08/21/17
UPGRADE
JEFF
Buy
Plains All American upgraded to Buy from Hold at Jefferies
08/09/17
08/09/17
DOWNGRADE
Target $25

Equal Weight
Plains All American downgraded to Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley downgraded Plains All American to Equal Weight from Overweight and cut its price target to $25 from $32. Analyst Tom Abrams said Supply & Logistics arbitrage opportunities have not materialized and management commentary now suggests much lower segment earnings.
08/09/17
MSCO
08/09/17
DOWNGRADE
MSCO
Equal Weight
Plains All American downgraded to Equal Weight at Morgan Stanley
PAGP Plains GP Holdings
$21.00

0.13 (0.62%)

08/21/17
JEFF
08/21/17
UPGRADE
JEFF
Buy
Plains GP Holdings upgraded to Buy from Hold at Jefferies
08/08/17
BARD
08/08/17
DOWNGRADE
Target $23
BARD
Neutral
Plains GP Holdings downgraded to Neutral at Baird
As previously reported, Baird analyst Ethan Bellamy downgraded Plains GP Holdings (PAGP) to Neutral from Outperform after Plains lowered guidance for its Supply and Logistics business. The analysts said Q2 results were anemic versus his expectations and he lowered his 2018 outlook materially. Bellamy lowered his price target to $23 from $36 on Plains GP Holdings shares. Bellamy also downgraded Plains All American (PAA) to Neutral this morning.
08/08/17
BARD
08/08/17
DOWNGRADE
BARD
Neutral
Plains GP Holdings downgraded to Neutral from Outperform at Baird

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