Martin Midstream Partners L.P. Upgraded to “Buy” by Bank of America Corp. (MMLP)
Martin Midstream Partners L.P. (NASDAQ:MMLP) was upgraded by equities researchers at Bank of America Corp. to a “buy” rating in a research report issued on Friday, Analyst RN reports.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at RBC Capital raised their price target on shares of Martin Midstream Partners L.P. from $44.00 to $48.00 in a research note to investors on Monday, November 4th. They now have a “sector perform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $44.00.
Martin Midstream Partners L.P. (NASDAQ:MMLP) opened at 42.28 on Friday. Martin Midstream Partners L.P. has a 1-year low of $32.03 and a 1-year 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 $1.126 billion and a P/E ratio of 34.54.
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.