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Magellan Midstream upgraded to Overweight with $59 target at Barclays
The Fly

Magellan Midstream upgraded to Overweight with $59 target at Barclays

Barclays analyst Theresa Chen upgraded Magellan Midstream to Overweight from Equal Weight with a price target of $59, up from $55. The analyst expects the company to earn higher refined products tariffs on longer-haul routes given the "sizeable year" of maintenance for its refining customers.

Published first on TheFly

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