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PAA, PSXP, HCLP: Key Rating Updates in the Last Week


Nov. 20 2020, Updated 11:34 a.m. ET

Stifel’s rating updates

Stifel changed its rating and price targets for quite a few MLPs in the last week. It raised its rating for Plains All American Pipeline (PAA) and Plains GP Holdings (PAGP) from “hold” to “buy.” Stifel has given a price target of $28 to both PAA and PAGP. On the other hand, Stifel cut its rating for Crestwood Equity Partners (CEQP) from “buy” to “hold.”

Of the 24 analysts surveyed by Reuters covering Plains All American Pipeline, six have rated the stock as a “strong buy,” eight rated it as a “buy,” and nine analysts have rated PAA as a “hold.” One of the surveyed analysts rated PAA as a “strong sell.” The median price target for Plains All American Pipeline is $28. The median price target for Plains GP Holdings is also $28.

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Other rating updates

On September 28, Morgan Stanley cut its rating for Phillips 66 Partners (PSXP) from “equal weight” to “underweight.” It cut its target price on PSXP from $55 to $50. On September 27, Raymond James cut its rating on Hi-Crush Partners (HCLP) from “strong buy” to “market perform.”

On September 25, Barclays cut its rating on Holly Energy Partners (HEP) from “equal weight” to “underweight.” It cut its price target for HEP from $30 to $28. The above graph shows analysts’ recommendations for the stocks that saw a rating or price target revision in the last week.

For the latest updates on the energy sector, check out Market Realist’s Energy and Power page.


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