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Goldman Sachs Removes Plains Exploration (PXP) from Conviction Buy List

August 11, 2011 7:55 AM EDT
Get Alerts PXP Hot Sheet
Price: $48.90 --0%

Rating Summary:
    7 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Goldman Sachs removed Plains Exploration (NYSE: PXP) from its Conviction Buy List, but maintained a Buy rating. The firm's price target goes to $115 from $124.

The firm cited weaker leverage but retains the Buy rating due to Brent exposure and under-appreciated liquids growth.

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

Shares of Plains Exploration closed at $30.59 yesterday.


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Goldman Sachs Conviction Buy List, Goldman Sachs