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Plains All American (PAA +0.9%) is upgraded to Buy at Global Hunter with a new $94 target price,...

Plains All American (PAA +0.9%) is upgraded to Buy at Global Hunter with a new $94 target price, up from $84, on the firm's belief that PAA may join peers MMP, SXL and TLLP by raising its quarterly distribution in a step change, coinciding with cash flow from several of its growth projects.
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