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Benzinga
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Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields

1. PAA has a dividend yield of 9.09%, appealing to income-focused investors. 2. Raymond James maintains a Strong Buy, while Barclays cuts PAA's target to $17. 3. Recent public offering of $750 million in senior notes announced by PAA. 4. Analyst ratings indicate mixed sentiments towards PAA's performance and future prospects. 5. Industry pressures may impact PAA compared to peers like VTS and WES.

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FAQ

Why Bearish?

The mixed analyst ratings alongside Barclays' target cut could pressure PAA's price. Historically, significant rating downgrades often lead to immediate price declines.

How important is it?

The mixed analyst sentiments, significant price target cuts, and public offering announcements indicate strong implications for PAA's market performance.

Why Short Term?

The pricing announcement and target cuts will likely affect PAA’s performance in the near term, similar to events when companies face public offering backlash.

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