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Fly News Breaks for January 18, 2019
MMP
Jan 18, 2019 | 07:57 EDT
SunTrust analyst Tristan Richardson initiated Magellan Midstream with a Hold rating and a price target of $65, saying that while the stock is a "core midstream holding", he sees its positive attributes as "largely reflected in the current premium valuation." The analyst adds that the company offers a consistent "low volatility operating model" and a "platinum" balance sheet, while its "crude infrastructure strategy" has visibility toward growth.
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