Morgan Keegan Maintains Outperform on Genesis Energy (GEL)

Morgan Keegan is out with its report today on Genesis Energy

, maintaining Outperform. In a note to clients, Morgan Keegan writes, "We are reiterating our $32 price target and 12-month 5.5%-5.75% target yield and $31-$33 price range. We believe that GEL has total return potential of 19-24% and are maintaining an Outperform rating on the units." At the time of posting, shares of GEL were trading at $27.62, down 0.65% from Tuesday's close.