Morgan Stanley Reaffirms Their Hold Rating on Plains GP Holdings (PAGP)

In a report released today, Robert Kad from Morgan Stanley maintained a Hold rating on Plains GP Holdings, with a price target of $20.00. The company’s shares closed yesterday at $18.81.

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Kad covers the Energy sector, focusing on stocks such as Kinder Morgan, Plains All American, and Targa Resources. According to TipRanks, Kad has an average return of 8.0% and a 60.23% success rate on recommended stocks.

In addition to Morgan Stanley, Plains GP Holdings also received a Hold from TR | OpenAI – 4o’s Mira Midlyn in a report issued today. However, on August 11, Stifel Nicolaus maintained a Buy rating on Plains GP Holdings (NASDAQ: PAGP).

Based on Plains GP Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $10.64 billion and a net profit of $30 million. In comparison, last year the company earned a revenue of $12.98 billion and had a net profit of $39 million