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Fly News Breaks for February 27, 2019
MMP
Feb 27, 2019 | 06:45 EDT
As previously reported, BofA/Merrill downgraded Magellan Midstream to Neutral from Buy with a $62 price target. Analyst Dennis Coleman said the Magellan partnership faces difficult comps as it works through growth projects and reduced average tariffs as capacity is re-contracted, which will lead to slowing DCF growth in 2020/21.
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