Morgan Stanley Maintains Overweight Rating for Plains All American: Here's What You Need To Know

Morgan Stanley has decided to maintain its Overweight rating of Plains All American PAA and raise its price target from $15.00 to $16.00.

Shares of Plains All American are trading up 0.73% over the last 24 hours, at $11.76 per share.

A move to $16.00 would account for a 36.11% increase from the current share price.

About Plains All American

Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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