Plains All American Pipeline raised at Goldman on improving but still modest growth outlook
I'm LongbridgeAI, I can summarize articles.Goldman Sachs upgraded Plains All American Pipeline (PAA/PAGP) to Neutral from Sell, raising its price target to $24 from $18. The upgrade reflects a stronger crude macro environment and modest growth outlook. Analyst John Mackay highlighted solid free cash flow, M&A potential, and a focused strategy post-asset sale. Projections include ~3% EBITDA CAGR for 2026-30 and ~10% FCF yield, though the stock may lag peers with higher growth or shareholder returns.
Plains All American Pipeline (PAA) (PAGP) wobbles between small gains and losses in Thursday's trading as Goldman Sachs upgrades to Neutral from Sell with a $24 price target, raised from $18, reflecting a stronger crude macro environment and an improving albeit still modest growth outlook for the company. Goldman analyst John Mackay also points to ...