Goldman Sachs Maintains Sell on Plains All American, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst John Mackay maintains a Sell rating on Plains All American (NASDAQ:PAA) but raises the price target from $14.5 to $16.

April 12, 2024 | 2:09 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Goldman Sachs maintains a Sell rating on Plains All American but increases the price target to $16.
The maintenance of a Sell rating by a major analyst firm like Goldman Sachs suggests a negative outlook on the stock, despite the increase in price target. This could indicate that while the firm sees some positive aspects or improvements in the company's performance or market conditions, it still believes the stock will underperform the market or its sector in the short term. The increase in price target might reflect a slight improvement in fundamentals or market conditions, but not enough to change the overall negative stance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100