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Scotiabank Reaffirms Their Buy Rating on Plains All American (PAA)

Tipranks - Tipranks - Tue Feb 10, 7:30AM CST

In a report released today, Brandon Bingham from Scotiabank reiterated a Buy rating on Plains All American, with a price target of $23.00.

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According to TipRanks, Bingham is a 4-star analyst with an average return of 8.7% and a 76.92% success rate. Bingham covers the Energy sector, focusing on stocks such as Enterprise Products Partners, Kinder Morgan, and Targa Resources.

In addition to Scotiabank, Plains All American also received a Buy from TipRanks – xAI’s xAi Oil and Gas Midstream in a report issued on February 7. However, today, Wells Fargo maintained a Hold rating on Plains All American (NASDAQ: PAA).

See today’s best-performing stocks on TipRanks >>

Based on Plains All American’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.03 billion and a net profit of $342 million. In comparison, last year the company earned a revenue of $12.4 billion and had a net profit of $36 million

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