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63% of Analysts Call Magellan a ‘Buy’ ahead of Its 4Q16 Results

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Analysts’ recommendations for MMP

The median target price for Magellan Midstream Partners (MMP) provided by the analysts surveyed by Reuters is $80. The median target price implies a 4% price return from MMP’s current price of ~$77.

About 63% of analysts surveyed have rated Magellan Midstream Partners as a “buy,” while 26% have rated it as a “hold,” and 11% have rated it as a “sell.”

The above graph shows analysts’ recommendations for MMP. As for other midstream companies, 63% of analysts have rated Sunoco Logistics Partners (SXL) as a “buy,” and 33% have rated Williams Partners (WPZ) as a “buy.” About 93% of analysts surveyed have rated Enterprise Products Partners (EPD) as a “buy.”

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