Plains All American (PAA) is upgraded to Conviction Buy at Goldman Sachs with an increased price...

|About: Plains All American Pipelin... (PAA)|By:, SA News Editor

Plains 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.