Sell side coverage initiated at Plains GP Holdings

Calling Plains GP Holdings (PAGP -0.4%) a levered investment on Plains All American (PAA +1.6%), Goldman's Steve Sherowski starts PAGP at Conviction Buy with $30 price target (earlier: Goldman resumes PAA with a Buy).

Liking the business just about as much as Goldman, Wells Fargo's Michael Blum, however, believes the upside to be mostly reflected in the stock price already, and starts at a Hold with $24 price target.

More Buys: Stifel, RayJay, Barclays, JPMorgan, UBS

More Holds: BAML

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