Market Overview

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

Related PAA
UPDATE: Credit Suisse Reiterates On Plains All American Pipeline LP Following Diamond Pipeline Construction Announcement
White Cliffs Pipeline, L.L.C. Begins Commissioning Of White Cliffs Pipeline Expansion From 76K B/pd To 150K B/pd
Occidental Posts Stronger Profit as Production Rises (Fox Business)

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.

Posted-In: Stifel NicolausAnalyst Color Price Target Analyst Ratings

 

Related Articles (PAA)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters