Barclays Downgrades Plains All American to Underweight, Announces $15 Price Target
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Theresa Chen has downgraded Plains All American (NASDAQ:PAA) from Equal-Weight to Underweight and set a price target of $15.
September 25, 2023 | 8:59 am
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NEGATIVE IMPACT
Plains All American has been downgraded by Barclays from Equal-Weight to Underweight with a new price target of $15.
The downgrade from Barclays, a major financial institution, could negatively impact investor sentiment towards PAA. The new price target of $15 also suggests that Barclays sees limited upside potential for the stock, which could further dampen investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100