Morgan Stanley Downgrades Plains All American to Equal-Weight, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Plains All American (NASDAQ:PAA) from Overweight to Equal-Weight and reduced its price target from $22 to $19.
October 25, 2024 | 11:28 am
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Morgan Stanley has downgraded Plains All American from Overweight to Equal-Weight, reducing the price target from $22 to $19, indicating a less optimistic outlook.
The downgrade from Overweight to Equal-Weight by Morgan Stanley suggests a less favorable view on Plains All American's stock performance. The reduction in the price target from $22 to $19 indicates a potential decrease in expected future value, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100