Research Alert: CFRA Keeps Hold Opinion On Lp Units Of Plains All America
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CFRA maintains a Hold opinion on Plains All America (PAA) units, setting a 12-month target of $25. This target is based on a relative valuation and DCF model, estimating a value of $22 per unit from EBITDA and $28 per unit from DCF. PAA's earnings per unit estimates for 2026 and 2027 have been raised. The company has completed the sale of its Canadian NGL assets to Keyera Corp. for CAD5.3 billion, despite potential legal challenges from the Canadian Competition Bureau.
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