UPDATE: Morgan Keegan Raises Price Target on Plains All American Pipeline to $85

According to Morgan Keegan, Plains All American Pipeline (NYSE: PAA) price target is raised to $85.

Morgan Keegan said that Plains All American Pipeline (PAA) reported quarterly results that once again bested consensus and MK estimates. “We are raising our 12-month price target by $9 to $85 and lowering our target yield by 50 bp to 5-5.5%.”

Plains All American Pipeline closed yesterday at $79.03.