Magellan Midstream to Sell Select Marine Terminals, Announces Unit Repurchase Program

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Go back to Magellan Midstream to Sell Select Marine Terminals, Announces Unit Repurchase Program

Mizuho Securities Reiterates Neutral Rating on Magellan Midstream Partners (MMP)

January 22, 2020 6:51 AM UTC

Mizuho Securities analyst Gabriel Moreen reiterated a Neutral rating and $68.00 price target on Magellan Midstream Partners (NYSE: MMP) following the companies announcement of a $750mn unit buyback program. While Moreen believes the initiative will be opportunistic as opposed to programmatic, he is nonetheless encouraged... More