Scotiabank raises target for Plains All American stock to USD 28.00

Published on 10/16/2026 at 05:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PAA pays USD 0.42 per unit November 13, 2026. Plains All American stock meets November 6 results after USD 17.69 billion in second-quarter revenue.

Distribution and earnings calendar

Scotiabank raised its target to USD 28.00 from USD 27.00 on October 15, 2026.
Plains All American reported USD 17.69 billion in second-quarter revenue for 2026.
Plains All American stock was last quoted at USD 24.98 on Nasdaq on October 14, 2026.

PAA, US7265031051, Illustration mit AI erstellt.

Plains All American Pipeline (ISIN US7265031051) had its analyst target raised to USD 28.00 from USD 27.00 on October 15, 2026. According to Markets Insider, Scotiabank kept its Outperform rating while noting that third-quarter levels could look typical and that earnings revisions were flat to lower quarter over quarter.

What does the target change mean?

The USD 1.00 increase gives the latest analyst action a clear earnings context. Scotiabank said first-half performance had outpaced expectations, while the second half could bring moderation as the company moves through more typical third-quarter conditions.

Plains All American's second-quarter 2026 revenue reached USD 17.69 billion, while adjusted earnings were USD 0.41 per unit against a USD 0.39 consensus estimate, according to Investing.com. The same report said Plains lifted its 2026 growth capital budget to USD 400 million to USD 450 million from USD 350 million.

Three dated company milestones

On October 1, 2026, Plains announced a USD 0.42 per-unit quarterly distribution and a November 6 earnings date through its Investor Relations release. On October 9, 2026, Jefferies began coverage with a USD 27.00 target, according to Investing.com. On October 15, 2026, Scotiabank raised its target to USD 28.00 from USD 27.00, as reported by Markets Insider.

When are the next dates?

Plains will publish third-quarter 2026 earnings before the market opens on November 6, 2026, and will pay the USD 0.42 distribution on November 13, 2026, to holders of record at the close of business on October 30, 2026, according to Investor Relations.

Stock value and investor context

Plains All American owns and operates midstream energy infrastructure focused primarily on crude oil logistics in the United States and Canada. Its units were last quoted at USD 24.98 on Nasdaq on October 14, 2026, while the latest target of USD 28.00 implies a USD 4.00 gap from that quoted level.