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UPDATE: Bank of America Initiates Martin Midstream Partners LP with Neutral on Balanced Risk/Reward

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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.

Latest Ratings for MMLP

DateFirmActionFromTo
Aug 2014Raymond JamesMaintainsOutperform
Mar 2014UBSUpgradesNeutralBuy
Jan 2014Bank of AmericaUpgradesNeutralBuy

View More Analyst Ratings for MMLP
View the Latest Analyst Ratings

Posted-In: Bank of America Gabe MoreenAnalyst Color Initiation Analyst Ratings

 

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