Plains All American price target raised to $18 from $17 at RBC Capital

RBC Capital raised the firm’s price target on Plains All American to $18 from $17 and keeps a Sector Perform rating on the shares. The company reported solid results, but more importantly, provided an update on its re-contracting efforts that should alleviate concerns around cash flows in the crude oil segment in 2026, the analyst tells investors in a research note. Given year-to-date trends, a guidance increase from the management later in the year would not be surprising, the firm added.