Magellan Midstream Partners L.p. (NYSE: MMP) rated to Buy with price target $77 by Stifel
Stifel rated Magellan Midstream
Partners L.p. (NYSE: MMP) to Buy with price target $77.
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.