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

Rating:
Hold MMP

Magellan Midstream Partners L.p. (MMP) rated Hold with price target $34.50 by Stifel Nicolaus

Posted on: Monday,  Jun 29, 2009  9:25 AM ET by Stifel Nicolaus

Magellan Midstream (MMP) rated
Hold with price target $34.50 by Stifel Nicolaus.

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.

Stifel Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/29/2009 9:25 AM Hold
None
17.35 17.25
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

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