Reported 1 day ago
Plains All American Pipeline, L.P. (NASDAQ:PAA) has improved its dividend attractiveness following the announcement of the sale of its Canadian NGL business to Keyera Corp for about C$5.15 billion. With this strategic move, aimed at enhancing financial flexibility and concentrating on its crude oil operations in North America, analysts have reacted positively, increasing their price targets for the stock. Mizuho has raised its target from $20 to $22, while J.P. Morgan set it from $19 to $20. PAA offers a 1-year upside potential of 13.64% and a dividend yield of 8.30%, making it appealing to income-focused investors.
Source: YAHOO