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Magellan Midstream Partners, L.P. (NYSE: MMP) received a number of price target changes and ratings updates during the last week:

  • Magellan Midstream Partners, L.P. had its price target raised by analysts at UBS AG from $64.00 to $73.00. They now have a “neutral” rating on the stock.
  • Magellan Midstream Partners, L.P. had its price target raised by analysts at Credit Suisse from $74.00 to $80.00. They now have an “outperform” rating on the stock.
  • Magellan Midstream Partners, L.P. had its price target raised by analysts at Raymond James from $69.00 to $75.00.
  • Magellan Midstream Partners, L.P. had its price target raised by analysts at Bank of America from $68.00 to $74.00.
  • Magellan Midstream Partners, L.P. had its “overweight” rating reaffirmed by analysts at Barclays. They now have a $80.00 price target on the stock, up previously from $75.00.
  • Magellan Midstream Partners, L.P. had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $77.00 price target on the stock, up previously from $75.00.
  • Magellan Midstream Partners, L.P. was downgraded by analysts at Ladenburg Thalmann from a “buy” rating to a “neutral” rating. They now have a $74.00 price target on the stock, up previously from $71.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • Magellan Midstream Partners, L.P. had its price target raised by analysts at RBC Capital from $72.00 to $80.00. They now have an “outperform” rating on the stock.

Shares of Magellan Midstream Partners, L.P. (NYSE:MMP) opened at 73.17 on Tuesday. Magellan Midstream Partners, L.P. has a 52-week low of $48.90 and a 52-week high of $74.71. The stock has a 50-day moving average of $69.70 and a 200-day moving average of $63.60. The company has a market cap of $16.615 billion and a P/E ratio of 28.71.

Magellan Midstream Partners, L.P. is engaged in the transportation, storage and distribution of refined petroleum products.

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