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Plains All American (PAA) is upgraded to Conviction Buy at Goldman Sachs with an increased price...
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Thursday, May 10, 2012, 9:08 AM ETPlains All American (PAA) is upgraded to Conviction Buy at Goldman Sachs with an increased price target of $100 from $93. PAA has leverage to several key midstream themes, the firm says, including oil infrastructure growth, continued crude oil price volatility and wide basis differentials which drive higher logistics margins, and a strong financial profile. PAA +1.8% premarket.
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