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Truist Initiates Plains All American Pipeline (PAA) With Buy Rating

Plains All American Pipeline, L.P. (NASDAQ:PAA) is one of the MLP Stocks List: 20 Largest MLPs.

On March 23, 2026, Truist initiated coverage of Plains All American Pipeline, L.P. (NASDAQ:PAA) with a Buy rating. The price target on the stock is set at $23. As of March 2026, Truist has initiated coverage on a few Master Limited Partnerships (MLPs) and energy infrastructure companies, primarily favoring those with a specific regional focus, and according to the firm’s analyst, Plains All American Pipeline, L.P. (NASDAQ:PAA) is one of the largest transporters and gatherers of crude. The analyst further described the company as a leading egress provider from the Permian Basin and added that the Permian is certainly not a bad place to be.

Prior to this, in a separate event, Morgan Stanley raised the price target on Plains All American Pipeline, L.P. (NASDAQ:PAA) from $21 to $23 on March 18, 2026. The firm’s analyst Robert Kad kept an Equal Weight rating on the stock. The adjustment was part of Morgan Stanley’s weekly update of its North American midstream and renewable energy infrastructure.

Founded in 1998, Plains All American Pipeline, L.P. (NASDAQ:PAA) is an established leader in the midstream energy sector. The Texas-based company owns and operates an extensive network of pipeline transportation, terminaling, storage, and gathering assets for crude oil and natural gas liquids.

While we acknowledge the risk and potential of PAA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PAA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 11 Best Stocks You’ll Wish You Bought Sooner and 10 Top Stocks Fund Managers Are Loading Up On in 2026

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