Citigroup Reiterates Neutral on Magellan Midstream, Maintains $63 Price Target
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Spiro Dounis has reiterated a Neutral rating on Magellan Midstream (NYSE:MMP) and maintained a price target of $63.
July 06, 2023 | 12:59 pm
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NEUTRAL IMPACT
Citigroup analyst Spiro Dounis has reiterated a Neutral rating on Magellan Midstream and maintained a price target of $63.
Citigroup is mentioned as the source of the rating and price target for Magellan Midstream. However, this news is unlikely to have a significant impact on Citigroup's stock price in the short term as it is part of their regular market analysis activities.
CONFIDENCE 90
IMPORTANCE 30
RELEVANCE 50
NEUTRAL IMPACT
Citigroup analyst has reiterated a Neutral rating on Magellan Midstream and maintained a price target of $63.
The news is directly about Magellan Midstream and is likely to influence investor sentiment. However, as the rating is Neutral, it suggests that the stock's price is expected to perform in line with the market or other comparable companies. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100