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Magellan Midstream downgraded to Market Perform from Outperform at Raymond James

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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