RBC Capital Sticks to Their Hold Rating for Plains All American (PAA)
In a report released yesterday, Elvira Scotto from RBC Capital maintained a Hold rating on Plains All American, with a price target of $20.00.
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According to TipRanks, Scotto is a 5-star analyst with an average return of 12.1% and a 67.43% success rate. Scotto covers the Energy sector, focusing on stocks such as USA Compression, Targa Resources, and MPLX.
In addition to RBC Capital, Plains All American also received a Hold from Morgan Stanley’s Robert Kad in a report issued yesterday. However, on the same day, Stifel Nicolaus maintained a Buy rating on Plains All American (NASDAQ: PAA).
Based on Plains All American’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $11.58 billion and a net profit of $441 million. In comparison, last year the company earned a revenue of $12.74 billion and had a net profit of $220 million
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- Plains All American, GP downgraded to Underperform at BofA after outperformance
- Plains All American downgraded to Underperform from Neutral at BofA
- Plains All American price target raised to $23 from $22 at Mizuho
- Plains All American price target raised to $22 from $19 at Scotiabank
- Plains All American Secures $1.1 Billion Term Loan
