Raymond James analyst Justin Jenkins downgraded Magellan Midstream to Market Perform from Outperform without a price target. While Magellan remains a best-in-class business, Raymond James is moving to the sidelines after a period of strong relative performance, the analyst tells investors in a research note.
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Published first on TheFly
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Read More on MMP:
- Magellan Midstream downgraded to Market Perform at Raymond James
- Magellan Midstream price target raised to $60 from $59 at Barclays
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