Magellan Midstream Reports Higher Fourth-Quarter Financial Results

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UPDATE: UBS Downgrades Magellan Midstream Partners (MMP) to Neutral

February 3, 2017 6:39 AM EST

(Updated - February 3, 2017 8:59 AM EST)

UBS downgraded Magellan Midstream Partners (NYSE: MMP) from Buy to Neutral with a price target of $81.

Analyst Shneur Gershuni commented, "MMP remains in an enviable position as being well contracted, lower than peer average leverage, and... More