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Plains All American (PAA) Gets a Hold from J.P. Morgan

Tipranks - Tipranks - Wed Mar 18, 7:18AM CDT

In a report released today, Jeremy Tonet from J.P. Morgan maintained a Hold rating on Plains All American, with a price target of $22.00.

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Tonet covers the Energy sector, focusing on stocks such as Enbridge, Oneok, and Plains All American. According to TipRanks, Tonet has an average return of 8.9% and a 60.93% success rate on recommended stocks.

In addition to J.P. Morgan, Plains All American also received a Hold from TipRanks – Anthropic’s Anthropic Oil and Gas Midstream in a report issued on March 10. However, on the same day, TipRanks – OpenAI reiterated a Buy rating on Plains All American (NASDAQ: PAA).

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Based on Plains All American’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.56 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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