Market Overview

UPDATE: Stifel Nicolaus Raises PT to $55 on Plains All American Pipeline on Strong Demand

Related PAA
Credit Suisse Downgrades Plains GP Holdings, Says It's Even More Conservative Than Guidance
Credit Suisse Downgrades Plains GP Holdings, Slashes Target On Plains All American
Plains All American Pipeline's 4Q15 Results - Key Facts And Trends For Investors To Consider (Seeking Alpha)

Stifel Nicolaus maintained Plains All American Pipeline (NYSE: PAA) with a Buy rating and raised the price target from $50.00 to $55.00.

Stifel Nicolaus commented, "Plains All American is the premier transportation, storage, terminalling and marketing of crude oil and refined products. PAA's Supply and Logistics has been the beneficiary of strong demand for its services as well as wide spreads for crude oil at different hubs and has been driving strong growth in its distributable cash flow. PAA recently revised its distribution growth higher to 9-10% despite being in the high splits. We view this as a core holding in a MLP portfolio."

Plains All American Pipeline closed at $52.23 on Thursday.

Latest Ratings for PAA

Feb 2016Credit SuisseMaintainsNeutral
Feb 2016Bank of AmericaDowngradesBuyNeutral
Feb 2016BairdDowngradesOutperformUnderperform

View More Analyst Ratings for PAA
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Analyst Ratings


Related Articles (PAA)

Get Benzinga's Newsletters