Plains All American (PAA) Gets a Buy Rating from Morgan Stanley

Morgan Stanley analyst Robert Kad reiterated a Buy rating on Plains All American (PAAResearch Report) on January 7 and set a price target of $14.00. The company’s shares closed last Friday at $10.07.

According to TipRanks.com, Kad is a 2-star analyst with an average return of 3.3% and a 56.5% success rate. Kad covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Magellan Midstream, and Energy Transfer.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Plains All American with a $13.29 average price target.

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The company has a one-year high of $12.38 and a one-year low of $8.07. Currently, Plains All American has an average volume of 3.64M.

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Plains All American Pipeline LP engages in the provision of transportation, storage, terminalling and marketing of crude oil, refined products and other natural gas-related petroleum products. It operates through the following business segments: Transportation, Facilities, and Supply and Logistics. The Transportation segments consist of fee-based activities associated with transporting crude oil and refined products on pipelines, gathering systems, trucks and barges. The Facilities segment includes fee-based activities associated with providing storage, terminalling and throughput services for crude oil, refined products, and natural gas, as well LPG fractionation and isomerization services. The Supply and Logistics segment is engaged in the sale of gathered and bulk-purchased crude oil and natural gas liquids volumes. The company was founded in 1998 and is headquartered in Houston, TX.

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