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Fly News Breaks for January 8, 2020
Jan 8, 2020 | 09:32 EDT
Wolfe Research analyst Keith Stanley upgraded Magellan Midstream to Peer Perform from Underperform with a price target of $63, up from $60 as he has become more constructive on the stock and his 2020 EBITDA estimate is now 4% above consensus. The company's leverage is below the peer average and he has shifted his view to have more appreciation of the quality of Magellan Midstream's asset mix, Stanley added.
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