UPDATE: Bank of America Initiates Martin Midstream Partners LP with Neutral on Balanced Risk/Reward
In a report published Wednesday, Bank of America analyst Gabe Moreen initiated coverage on Martin Midstream Partners LP (NASDAQ: MMLP) with a Neutral rating and $47.00 price target.
In the report, Bank of America noted, “MMLP offers a diverse set of operations to collect, transport, store and distribute petroleum products and by-products primarily on the US Gulf Coast. Over the last six to twelve months, MMLP has completed several transactions including divestitures and tuck-in acquisitions, which we believe should improve investor confidence regarding prospective cash distribution growth.”
Martin Midstream Partners LP closed on Tuesday at $44.82.
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