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Fly News Breaks for July 18, 2017
MMP
Jul 18, 2017 | 05:30 EDT
UBS analyst Shneur Gershuni upgraded Magellan Midstream Partners to Buy with an unchanged price target of $82. The analyst sees 13% total return potential following the 11% pullback since the Q4 results in February. The analyst notes oil exports from the U.S. have risen 1,600% in four years due to Congress lifting the 40-year-old ban on crude exports. Gershuni states Magellan Midstream has been focusing on this trend.
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