Plains GP Holdings upgraded to Strong Buy from Outperform at Raymond James

Raymond James analyst Justin Jenkins upgraded Plains GP Holdings (PAGP) to Strong Buy from Outperform with a price target of $17, up from $16. The analyst thinks Plains All American (PAA) is the largest beneficiary of a more active OPEC+. The underlying story continues to improve, and the stock’s valuation "remains very compelling," the analyst tells investors in a research note.