12-05-2025
Wells Fargo Keeps Their Hold Rating on Plains All American (PAA)
In a report released on May 9, Michael Blum from Wells Fargo maintained a Hold rating on Plains All American (PAA – Research Report), with a price target of $19.00. The company's shares closed last Friday at $16.44.
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Blum covers the Energy sector, focusing on stocks such as Venture Global, Inc. Class A, Genesis Energy, and Kinder Morgan. According to TipRanks, Blum has an average return of 9.1% and a 62.15% success rate on recommended stocks.
In addition to Wells Fargo, Plains All American also received a Hold from Morgan Stanley's Robert Kad in a report issued on May 9. However, on May 3, Seaport Global maintained a Buy rating on Plains All American (NASDAQ: PAA).
Based on Plains All American's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $12.4 billion and a net profit of $36 million. In comparison, last year the company earned a revenue of $12.71 billion and had a net profit of $312 million
