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Top Wall Street Forecasters Revamp Plains All American Pipeline Price Expectations Ahead Of Q4 Earnings
PAAPlains All American Pipeline(PAA) Benzinga·2025-02-07 07:43

Core Viewpoint - Plains All American Pipeline is set to release its fourth-quarter financial results on February 7, 2025, with expectations of stable earnings and increased revenue compared to the previous year [1]. Financial Performance - Analysts predict quarterly earnings of 42 cents per share, unchanged from the same period last year [1]. - Projected quarterly revenue is 13.76billion,upfrom13.76 billion, up from 12.7 billion a year earlier [1]. Stock Offering and Market Reaction - On January 13, 2025, the company announced a 1billionpublicofferingofseniornotes[2].−Followingtheannouncement,PlainsAllAmericanPipelinesharesfellby1.41 billion public offering of senior notes [2]. - Following the announcement, Plains All American Pipeline shares fell by 1.4%, closing at 20.01 [2]. Analyst Ratings and Price Targets - Raymond James analyst Justin Jenkins maintains a Strong Buy rating, raising the price target from 23to23 to 24 [3]. - Barclays analyst Theresa Chen holds an Underweight rating, increasing the price target from 18to18 to 19 [3]. - Scotiabank analyst Holly Stewart reinstated a Sector Outperform rating with a price target of 23[3].−WellsFargoanalystMichaelBlumdowngradedthestockfromOverweighttoEqual−Weight,cuttingthepricetargetfrom23 [3]. - Wells Fargo analyst Michael Blum downgraded the stock from Overweight to Equal-Weight, cutting the price target from 22 to 20[3].−MorganStanleyanalystRobertKadalsodowngradedthestockfromOverweighttoEqual−Weight,reducingthepricetargetfrom20 [3]. - Morgan Stanley analyst Robert Kad also downgraded the stock from Overweight to Equal-Weight, reducing the price target from 22 to $19 [3].