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Enter Symbol:
 
Magellan Midstream Partners L.p. (MMP) [hlAlert]

Rating:
Outperform
MMP
up 4.20 %

Magellan Midstream Partners L.p. (MMP) rated Outperform by Wells Fargo

Posted on: Friday,  Feb 7, 2014  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform Magellan Midstream Partners L.p. (NYSE: MMP) on 02/07/2014, when the stock price was $68.32.
Since then, Magellan Midstream Partners L.p. has gained 4.20% as of 01/15/2016's recent price of $71.19.
If you would have followed this Wells Fargo's recommendation on MMP, you would have gained 4.2% of your investment in 707 days.

Magellan Midstream Partners, L.P. is principally engaged in the transportation, storage and distribution of refined petroleum products. As of December 31, 2008, the Company?s portfolio consisted of a 8,700-mile petroleum products pipeline system, including 49 petroleum products terminals serving the mid-continent region of the United States, referred to as the petroleum products pipeline system; seven petroleum products terminal facilities located along the United States Gulf and East Coasts, referred to as the marine terminals, and 27 petroleum products terminals located principally in the southeastern United States, which referred to as the inland terminals, and a 1,100-mile ammonia pipeline system serving the mid-continent region of the United States.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/7/2014 8:25 AM Buy
None
68.32
as of 10/17/2014
1 Week up  2.58 %
1 Month down  -6.04 %
3 Months down  -6.10 %
1 YTD up  15.96 %

(*) Stock Price at the time of the recommendation.
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