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Enter Symbol:
Rating: MMP
Buy $85

Magellan Midstream Partners L.p. (NYSE: MMP) reiterated to Buy with price target $85 by Argus

Monday,  Aug 10, 2015  8:25 AM ET by Betsy O'Brien Harrison

Argus reiterated Magellan Midstream Partners L.p. (NYSE: MMP) to Buy with price
target $85. Previously Argus reiterated Magellan Midstream Partners L.p. (NYSE: MMP) to Buy with price target $90 on 12/15/2014, when the stock price was $78.49.

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.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system

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