Plains All American (PAA) Got Some Good News

By Austin Angelo

In a report released today, Selman Akyol from Stifel Nicolaus upgraded Plains All American (NYSE: PAA) to Buy, with a price target of $28. The company’s shares closed on Friday at $24.83.

According to TipRanks.com, Akyol is a 4-star analyst with an average return of 2.6% and a 58.3% success rate. Akyol covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Dcp Midstream Partners Lp, and Spectra Energy Partners.

Plains All American has an analyst consensus of Moderate Buy, with a price target consensus of $28.14, representing a 13.3% upside. In a report issued on September 13, Johnson Rice also initiated coverage with a Buy rating on the stock with a $31 price target.

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The company has a one-year high of $27.70 and a one-year low of $18.38. Currently, Plains All American has an average volume of 2.46M.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Plains All American Pipeline LP engages in the provision of transportation, storage, terminalling and marketing of crude oil, refined products and other natural gas-related petroleum products. It operates through the following business segments: Transportation, Facilities, and Supply & Logistics.