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Plains GP Holdings upgraded to Outperform from Peer Perform at Wolfe Research

Plains GP Holdings upgraded to Outperform from Peer Perform at Wolfe Research

Wolfe Research upgraded Plains GP Holdings (PAGP) to Outperform from Peer Perform with a $22 price target The firm sees better value in master limited partnerships than the c-corps in 2025 and upgrades Plains All American as a play on this. The stock trades at the lowest multiple in the group with the highest free cash flow yield, is a takeout target, and has options to create value as shown this week, the analyst tells investors in a research note.

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