Wells Fargo Maintains Overweight on Plains All American, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Blum maintains an Overweight rating on Plains All American (NASDAQ:PAA) and raises the price target from $19 to $20.
May 08, 2024 | 2:30 pm
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Wells Fargo analyst Michael Blum maintains an Overweight rating on Plains All American and raises the price target from $19 to $20.
The upgrade in the price target by a reputable analyst like Michael Blum from Wells Fargo is a strong positive signal for Plains All American. It suggests confidence in the company's future performance and potential for stock price appreciation. This kind of analyst action often leads to increased investor interest and can drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100