Citi raised the firm’s price target on Plains All American (PAA) to $21 from $18 and keeps a Neutral rating on the shares as part of a Q4 earnings preview. The firm expects the recently announced trio of acquisitions to drive growth in 2025. Citi estimates as much as a $100M EBITDA tailwind, although it wouldn’t be surprised if Plains All American’s guidance is slightly conservative given uncertain deal timing.
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