Morgan Stanley Downgrades Plains GP Holdings to Equal-Weight, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Plains GP Holdings (NASDAQ:PAGP) from Overweight to Equal-Weight and reduced its price target from $22 to $19.
October 25, 2024 | 11:25 am
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Morgan Stanley analyst Robert Kad downgraded Plains GP Holdings from Overweight to Equal-Weight, reducing the price target from $22 to $19.
The downgrade from Overweight to Equal-Weight by a major financial institution like Morgan Stanley is likely to negatively impact investor sentiment. Additionally, the reduction in the price target from $22 to $19 suggests a less optimistic outlook on the stock's performance.
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