Magellan Midstream Partners (MMP) Shares Rise Following Morgan Keegan Upgrade

Shares of Magellan Midstream Partners (NYSE: MMP) spiked sharply higher earlier Tuesday following an upgrade from Morgan Keegan's John Edwards. After falling as much as 1 percent just after the open, Magellan shares are now down just 0.07 percent to $68.16.

Edwards now rates Magellan Midstream Partners shares an Outperform, up from Market Perform previously. The analyst's price target was raised from $65.50 to $76.

The upgrade follows mixed fourth-quarter results from the company this morning.

For an analyst ratings summary and ratings history on Magellan Midstream Partners click here. For more ratings news on Magellan Midstream Partners click here.

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