UPDATE: Global Hunter Securities Raises PT on Plains All American Pipeline form $82 to $84
Global Hunter Securities reiterated an Accumulate rating on Plains All American Pipeline (NYSE: PAA) and increased its price target from $82 to $84.
Global Hunter Securities wrote, “We believe PAA should serve as a cornerstone of an energy infrastructure portfolio given its attractive asset base, successful and conservative management team and attractive combination of current yield (5.5%) and anticipated distribution growth (10% over the next 12 months). However, we still believe based on valuation that more attractive entry points are possible.”
Plains All American Pipeline closed at $85.91 on Tuesday.
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