UPDATE: (Correction) Morgan Stanley Maintains Plains GP Holdings, L.P (PAGP) at Equalweight

(Updated - October 4, 2016 11:38 AM EDT)

(Update corrects to show PAGP was not upgraded)

Morgan Stanley maintained Plains GP Holdings, L.P (NYSE: PAGP) at Equalweight and raised its price target to $14.00 (from $12.50).

Analyst Tom Abrams said, "We remain EW PAGP, as units currently trade at a premium to PAA based on the conversion ratio and therefore present less attractive upside."

For an analyst ratings summary and ratings history on Plains GP Holdings, L.P click here. For more ratings news on Plains GP Holdings, L.P click here.

Shares of Plains GP Holdings, L.P closed at $12.81 yesterday.

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