Citigroup Downgrades Plains All American to Neutral, Raises Price Target to $15.5
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Spiro Dounis has downgraded Plains All American (NASDAQ:PAA) from Buy to Neutral, while raising the price target from $14 to $15.5.
September 06, 2023 | 10:05 am
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NEUTRAL IMPACT
Plains All American has been downgraded from Buy to Neutral by Citigroup, but the price target has been raised from $14 to $15.5.
The downgrade from Buy to Neutral suggests that Citigroup sees limited upside potential for PAA in the short term. However, the raised price target indicates that they still see some potential for price appreciation. This could lead to a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100