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Magellan Midstream downgraded to Market Perform from Outperform at Raymond James

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.

Published first on TheFly

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