UPDATE: Global Hunter Securities Raises PT on Plains All American Pipeline form $82 to $84

Global Hunter Securities reiterated an Accumulated rating on Plains All American Pipeline

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.