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Plains All American (PAA) Shares Jump as Wells Fargo Upgrades to Outperform

November 7, 2011 12:55 PM EST
Get Alerts PAA Hot Sheet
Price: $18.07 --0%

Rating Summary:
    20 Buy, 14 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 14 | New: 3
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Shares of Plains All American (NYSE: PAA) have spiked into positiver territory Monday afternoon following an intraday upgrade from Wells Fargo. The firm's valuation range from was raised from $62-$66 to $69-$73.

The stock is now up 0.35 percent to $66.48.

Wells Fargo believes Plains All American "is benefiting from a renaissance in domestic onshore crude oil development and is, as a result, experiencing sustained higher volumes and margin in its supply and logistics segment."

For more ratings news on Plains All American click here and for the rating history of Plains All American click here.


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