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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on MMP: