Published On: Wed, Oct 19th, 2016

Upgrades And Downgrades For Magellan Midstream Partners L.P. (NYSE:MMP)


Recently stock market analysts have updated their consensus ratings on shares of Magellan Midstream Partners L.P. (NYSE:MMP).

Most recent broker ratings

09/30/2016 – Mizuho began new coverage on Magellan Midstream Partners L.P. giving the company a “neutral” rating. They now have a USD 73 price target on the stock.

08/22/2016 – Magellan Midstream Partners L.P. had its “buy” rating reiterated by analysts at Argus. They now have a USD 85 price target on the stock.

08/18/2016 – Magellan Midstream Partners L.P. was downgraded to “underweight” by analysts at Morgan Stanley. They now have a USD 69 price target on the stock.

08/02/2016 – Magellan Midstream Partners L.P. had its “hold” rating reiterated by analysts at Wunderlich. They now have a USD 71 price target on the stock.

07/13/2016 – Magellan Midstream Partners L.P. had its “buy” rating reiterated by analysts at Ladenburg Thalmann.

06/14/2016 – Seaport Global Securities began new coverage on Magellan Midstream Partners L.P. giving the company a “buy” rating. They now have a USD 82 price target on the stock.

05/05/2016 – Magellan Midstream Partners L.P. was downgraded to “hold” by analysts at Stifel Nicolaus.

04/29/2016 – Magellan Midstream Partners L.P. had its “outperform” rating reiterated by analysts at RBC Capital. They now have a USD 69 price target on the stock.

03/17/2016 – Magellan Midstream Partners L.P. was downgraded to “underperform” by analysts at Credit Suisse. They now have a USD 70 price target on the stock.

03/10/2016 – Mitsubishi UFJ began new coverage on Magellan Midstream Partners L.P. giving the company a “neutral” rating. They now have a USD 83 price target on the stock.

02/05/2016 – Magellan Midstream Partners L.P. had its “overweight” rating reiterated by analysts at Barclays. They now have a USD 82 price target on the stock.

01/06/2016 – Magellan Midstream Partners L.P. was upgraded to “buy” by analysts at UBS. They now have a USD 77 price target on the stock.

01/04/2016 – Magellan Midstream Partners L.P. was upgraded to “strong buy” by analysts at Raymond James. They now have a USD 78 price target on the stock.

11/16/2015 – D.A. Davidson began new coverage on Magellan Midstream Partners L.P. giving the company a “buy” rating. They now have a USD 85 price target on the stock.

09/11/2015 – Magellan Midstream Partners L.P. had its “neutral” rating reiterated by analysts at Goldman Sachs. They now have a USD 70 price target on the stock.

Magellan Midstream Partners L.P. has a 50 day moving average of 70.03 and a 200 day moving average of 71.09. The stock’s market capitalization is 16.28B, it has a 52-week low of 54.51 and a 52-week high of 77.45.

The share price of the company (NYSE:MMP) was up +0.11% during the last trading session, with a high of 71.70 and the volume of Magellan Midstream Partners L.P. shares traded was 407051.

Magellan Midstream Partners, L.P. is engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The Company’s business segments include Refined Products, Crude Oil and Marine Storage. The Company’s asset portfolio, including the assets of its joint ventures, consist of the Company’s refined products segment, including over 9,500 mile refined products pipeline system with approximately 50 terminals, as well as over 30 independent terminals not connected to the its pipeline system and its approximately 1,100-mile ammonia pipeline system; its crude oil segment, including approximately 1,700 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of over 20 million barrels, of which approximately 14 million is used for leased storage, and its marine storage segment, consisting of over five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 30 million barrels.