Martin Midstream Partners L.P. Upgraded by Merrill Lynch to Buy (MMLP)
Martin Midstream Partners L.P. (NASDAQ:MMLP) was upgraded by equities researchers at Merrill Lynch to a “buy” rating in a research report issued on Friday, American Banking News.com reports.
Martin Midstream Partners L.P. (NASDAQ:MMLP) traded up 2.25% during mid-day trading on Friday, hitting $43.23. The stock had a trading volume of 119,215 shares. Martin Midstream Partners L.P. has a 52 week low of $32.03 and a 52 week high of $48.90. The stock has a 50-day moving average of $43.25 and a 200-day moving average of $45.10. The company has a market cap of $1.151 billion and a price-to-earnings ratio of 34.12.
MMLP has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. upgraded shares of Martin Midstream Partners L.P. from a “neutral” rating to a “buy” rating in a research note to investors on Friday. Separately, analysts at MLV Capital initiated coverage on shares of Martin Midstream Partners L.P. in a research note to investors on Monday, December 2nd. They set a “buy” rating and a $44.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Martin Midstream Partners L.P. from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, November 5th. They now have a $45.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Martin Midstream Partners L.P. has an average rating of “Hold” and an average price target of $44.00.
Martin Midstream Partners L.P. is a limited partnership with a diverse set of operations focused in the United States Gulf Coast region.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.