UPDATE: Ladenburg Thalmann Upgrades Plains All American (PAA) to Buy
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Price: $24.45 +1.92%
Rating Summary:
18 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
Rating Summary:
18 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
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(Updated - June 25, 2013 1:12 PM EDT)
Ladenburg Thalmann upgraded Plains All American (NYSE: PAA) from Neutral to Buy with a price target of $61. Analyst Eduardo Seda believes price weakness creates an opportunity.
"With PAA units closing yesterday at $53.58, units have retreated 9.9% from their recent high of $59.49 on May 13, 2013. Hence with fundamentals and growth prospects intact, we believe an entry point has been created," said Seda. "We believe PAA is well positioned to potentially reap numerous benefits as supply and demand patterns in North America continue to evolve."
For an analyst ratings summary and ratings history on Plains All American (NYSE: PAA) click here. For more ratings news on Plains All American click here.
Shares of Plains All American closed at $53.58 yesterday.
Ladenburg Thalmann upgraded Plains All American (NYSE: PAA) from Neutral to Buy with a price target of $61. Analyst Eduardo Seda believes price weakness creates an opportunity.
"With PAA units closing yesterday at $53.58, units have retreated 9.9% from their recent high of $59.49 on May 13, 2013. Hence with fundamentals and growth prospects intact, we believe an entry point has been created," said Seda. "We believe PAA is well positioned to potentially reap numerous benefits as supply and demand patterns in North America continue to evolve."
For an analyst ratings summary and ratings history on Plains All American (NYSE: PAA) click here. For more ratings news on Plains All American click here.
Shares of Plains All American closed at $53.58 yesterday.
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