Martin Midstream Partners price target lowered to $3 from $4 at Stifel

Stifel analyst Selman Akyol lowered the firm’s price target on Martin Midstream Partners (MMLP) to $3 from $4 and keeps a Hold rating on the shares. Sulfur is benefitting from Venezuela barrels in the U.S., but fertilizer is experiencing lower demand as a result of challenging growing conditions for cotton in Texas, notes the analyst, who has updated the firm’s estimates.