A Glimpse Into The Expert Outlook On Plains All American Through 4 Analysts
Portfolio Pulse from Benzinga Insights
Plains All American (NASDAQ:PAA) has been analyzed by 4 analysts, showing a shift towards a more bearish outlook in the last 30 days with one bearish rating recently added. The average 12-month price target for PAA has been raised to $19.88, indicating a 14.71% increase from the previous target. Analysts from Goldman Sachs, Scotiabank, Truist Securities, and Citigroup have updated their ratings and price targets, reflecting varied expectations for PAA's performance. Despite the updates, PAA faces challenges in market capitalization, revenue growth, profitability, and asset utilization, with financial metrics indicating potential difficulties ahead.
April 12, 2024 | 3:00 pm
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NEUTRAL IMPACT
Plains All American's stock may experience volatility following mixed analyst ratings and an updated average price target of $19.88. Financial challenges and a bearish outlook from one analyst could weigh on investor sentiment.
The mixed analyst ratings, with a recent addition of a bearish outlook, alongside an increased average price target, suggest a complex investor sentiment landscape. The financial challenges highlighted, such as declining revenue and below-average profitability metrics, could dampen the positive impact of the raised price target. The balance between these factors leads to a neutral short-term price direction score, with high relevance due to direct mention and significant importance given the detailed financial analysis and analyst expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100