Plains All American (NYSE:PAA) has been upgraded from Market Perform to Outperform in a statement by Wells Fargo earlier today.
- Updated: October 5, 2016
Wells Fargo has upgraded Plains All American (NYSE:PAA) from Market Perform to Outperform in a statement released on 10/05/2016.
On 10/4/2016, Morgan Stanley released a statement on Plains All American (NYSE:PAA) upped the target price from $33.00 to $37.00 that suggested an upside of 0.20%.
Having a price of $30.66, Plains All American (NYSE:PAA) traded 2.90% higher on the day. With the last close up 20.41% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. PAA has recorded a 50-day average of $28.99 and a two hundred day average of $26.20. Trade Volume was down over the average, with 283,244 shares of PAA changing hands under the typical 2,230,560
Recent Performance Chart
Plains All American has 52 week low of $14.82 and a 52 week high of $34.73 with a P/E ratio of 90.40 and has a market cap of $0.
In addition to Wells Fargo reporting its stock price target, a total of 21 brokers have issued a research note on the company. The average stock price target is $25.62 with 4 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 16 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About Plains All American (NYSE:PAA)
Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. Its Transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. Its Facilities segment operations consist of activities associated with providing storage, terminalling and throughput services for crude oil, refined products, NGL and natural gas, as well as NGL fractionation and isomerization services and natural gas and condensate processing services. Its supply and logistics segment operations consist of the merchant-related activities, including sale of gathered and bulk-purchased crude oil, as well as sales of NGL volumes purchased from suppliers and natural gas sales attributable to the activities.
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