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2018-03-22 14:08:12 MMP Magellan Midstream $59.36 0.04 (0.07%) 14:08 03/22/18 03/22 14:08 03/22/18 14:08	Magellan sidelines plan to build Texas crude pipeline, Platts reports According to Platts, US midstream firm Magellan is not going forward "at this time" with its plan to build a long-haul crude oil and condensate pipeline in Texas by late 2019. According to Platts, due to the fact that Magellan "failed to garner shipper support to make the project commercially viable, spokesman Bruce Heine said late Wednesday." Reference Link
MMP Magellan Midstream $59.36 0.04 (0.07%) 01/09/18 BOFA 01/09/18 INITIATION Target $78 BOFA Buy Magellan Midstream reinstated with a Buy at BofA/Merrill BofA/Merrill analyst Dennis Coleman reinstated coverage on Magellan Midstream with a Buy and $78 price target. 01/04/18 FBCO 01/04/18 INITIATION Target $61 FBCO Underperform Magellan Midstream initiated with an Underperform at Credit Suisse Credit Suisse analyst Kristina Kazarlan initiated Magellan Midstream with an Underperform rating and a price target of $61. 01/04/18 USCA 01/04/18 UPGRADE USCA Buy Magellan Midstream upgraded to Buy from Overeight at US Capital Advisors 12/11/17 BMOC 12/11/17 INITIATION Target $80 BMOC Outperform Magellan Midstream initiated with an Outperform at BMO Capital BMO Capital analyst Danilo Juvane initiated Magellan Midstream with an Outperform rating and a price target of $80, citing the company's history of prudent distribution growth and capital discipline. The analyst notes that the stock's premium valuation is less prohibitive when normalizing for its "industry leading" returns. Juvane says the company's exposure to the recently proposed $2B Permian-to-Corpus Christi crude oil pipeline gives it an added cushion to fund its backlog.

2018-03-22 14:08:12

MMP

Magellan Midstream

$59.36: 0.04 (0.07%)

14:08

03/22/18

03/22

14:08

03/22/18

14:08

Magellan sidelines plan to build Texas crude pipeline, Platts reports

According to Platts, US midstream firm Magellan is not going forward "at this time" with its plan to build a long-haul crude oil and condensate pipeline in Texas by late 2019. According to Platts, due to the fact that Magellan "failed to garner shipper support to make the project commercially viable, spokesman Bruce Heine said late Wednesday." Reference Link

MMP Magellan Midstream

$59.36: 0.04 (0.07%)

01/09/18: BOFA

01/04/18: FBCO

01/04/18: USCA

12/11/17: BMOC

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03:00 11/21/18 11/21 03:00 11/21/18 03:00 General news	FX Action: USD-CAD has steadied » FX Action: USD-CAD has… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return in in 9 minutes Get Free Trial
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Magellan sidelines plan to build Texas crude pipeline, Platts reports

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