Magellan Midstream Hits a New High
New 52-week highs have been rare lately, at least in my portfolio. But Magellan Midstream Partners (MMP) issued a solid earnings report on Wed that include higher cash distribution growth targets. MMP rallied on the news and a couple of brokerage upgrades to close out the week at a new high.
To celebrate, here's a little 52-week high-ku
Record net income
Magellan projects more cash
Unit price rallies.
Disclosure: Long MMP, no plans to sell or add to the position.