Why Magellan Midstream's Stock Is Trading Higher Today

Magellan Midstream Partners MMP shares are trading higher on Thursday after getting an upgrade.

Credit Suisse upgraded the stock from Neutral to Outperform.

Magellan Midstream is a public corporation based in Tulsa, Oklahoma. It owns ammonia and petroleum pipelines in the Mid-Continent oil province.

Magellan Midstream shares were trading higher by 4.46% at $36.31. The stock has a 52-week high of $67.75 and a 52-week low of $22.02.