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2019-11-04 06:15:39 MMP Magellan Midstream $62.68 0.36 (0.58%) 06:15 11/04/19 11/04 06:15 11/04/19 06:15	Magellan Midstream downgraded to Underperform from Neutral at BofA/Merrill BofA/Merrill analyst Derek Walker downgraded Magellan Midstream Partners to Underperform from Neutral with a $61 price target. The stock's valuation "appears stretched" at current levels, Walker tells investors in a research note. Further, the analyst sees elevated project capture risk, particularly within the crude oil segment driven by an intensifying competitive environment.
MMP Magellan Midstream $62.68 0.36 (0.58%) 02/27/19 BOFA 02/27/19 DOWNGRADE BOFA Neutral Magellan Midstream downgraded to Neutral from Buy at BofA/Merrill 02/27/19 02/27/19 DOWNGRADE Target $62 Neutral Magellan Midstream downgraded to Neutral on slowing growth at BofA/Merrill 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. 05/30/19 JRCO 05/30/19 INITIATION Target $71 JRCO Accumulate Magellan Midstream initiated with an Accumulate at Johnson Rice Johnson Rice analyst Georg Venturatos initiated Magellan Midstream with an Accumulate and $71 price target. 11/04/19 BOFA 11/04/19 DOWNGRADE BOFA Underperform Magellan Midstream downgraded to Underperform from Neutral at BofA/Merrill BofA/Merrill downgraded Magellan Midstream to Underperform from Neutral.

2019-11-04 06:15:39

MMP

Magellan Midstream

$62.68: 0.36 (0.58%)

06:15

11/04/19

11/04

06:15

11/04/19

06:15

Magellan Midstream downgraded to Underperform from Neutral at BofA/Merrill

BofA/Merrill analyst Derek Walker downgraded Magellan Midstream Partners to Underperform from Neutral with a $61 price target. The stock's valuation "appears stretched" at current levels, Walker tells investors in a research note. Further, the analyst sees elevated project capture risk, particularly within the crude oil segment driven by an intensifying competitive environment.

MMP Magellan Midstream

$62.68: 0.36 (0.58%)

02/27/19: BOFA

02/27/19

05/30/19: JRCO

11/04/19: BOFA

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Magellan Midstream downgraded to Underperform from Neutral at BofA/Merrill

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