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MMP

Magellan Midstream

$29.56 /

+0.765 (+2.66%)

07:22
03/23/20
03/23
07:22
03/23/20
07:22

Magellan Midstream upgraded to Buy from Hold at SunTrust

SunTrust analyst Tristan Richardson upgraded Magellan Midstream to Buy from Hold with a lowered price target of $50, down from $65. The analyst believes that Magellan partnership is the best midstream firm positioned to weather a near-to-medium term downturn in commodities pricing and a looming impact on the U.S. shale production environment. Richardson adds that the company's balance sheet may be the best in the midstream space, while its refined products business has little correlation with U.S. oil/gas production.

  • 23

    Apr

MMP Magellan Midstream
$29.56 /

+0.765 (+2.66%)

03/16/20 Morgan Stanley
Morgan Stanley shakes up Midstream ratings in expectation of continued pressure
03/16/20 Morgan Stanley
Magellan Midstream upgraded to Overweight from Equal Weight at Morgan Stanley
03/12/20 Raymond James
Magellan Midstream price target lowered to $55 from $69 at Raymond James
02/12/20
Fly Intel: Top five analyst upgrades

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Check out this morning's…

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  • 02
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Recommendations
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, MA

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Vertical Research analyst…

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$15.98 /

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Nutanix announced a…

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