Analyst Rating Update on Plains All American Pipeline L.P. (PAA)

Plains All American Pipeline L.P. (PAA) : The consensus on Plains All American Pipeline L.P. (PAA) based on 19 analyst recommendation on the company stock is 2.68, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 16 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Plains All American Pipeline L.P. (PAA) : 15 Wall Street analysts covering Plains All American Pipeline L.P. (PAA) believe that the average level the stock could reach for the short term is $28.87. The maximum price target given is $39 and the minimum target for short term is around $22, hence the standard deviation is calculated at $3.94.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Baird upgrades its rating on Plains All American Pipeline L.P. (NYSE:PAA). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on July 13, 2016.

Plains

Plains All American Pipeline L.P. (NYSE:PAA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.68 and $26.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.58, notching a gain of 3.84% for the day. The total traded volume was 3,219,752 . The stock had closed at $26.56 on the previous day.

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Companys operational segments include Transportation, Facilities, and Supply and Logistics. The transportation segment operations consist of fee-based activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. The facilities segment operations consist of fee-based activities associated with providing storage, terminalling and throughput services for crude oil, refined products, NGL and natural gas. The supply and logistics segment operations consist of merchant-related activities.

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