Goldman Sachs Reinstates Sell on Plains GP Holdings, Announces $13.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst John Mackay has reinstated Plains GP Holdings (NASDAQ:PAGP) with a Sell rating and announced a price target of $13.5.
October 06, 2023 | 10:35 am
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Goldman Sachs has reinstated a Sell rating on Plains GP Holdings with a price target of $13.5, which could negatively impact the stock's price.
Analyst ratings often influence the market's perception of a stock. In this case, Goldman Sachs, a highly influential financial institution, has reinstated a Sell rating on PAGP. This suggests that they believe the stock's price will decrease, which could lead other investors to sell their shares, potentially driving the price down. The announced price target of $13.5 also indicates a potential decrease in the stock's value.
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IMPORTANCE 80
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