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Fly News Breaks for January 12, 2017
MMP
Jan 12, 2017 | 08:52 EDT
Raymond James analyst Darren Horowitz downgraded Magellan Midstream to Outperform from Strong Buy and lowered its price target to $73 from $78 due to valuation and said its ultra-defensive characteristics, may result in shares lagging peers as oil prices continue to recover throughout 2017 and beyond.
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