MAGELLAN MIDSTREAM PARTNERS, L.P. (MMP)

[johnsyn]

Magellan Midstream Partners (MMP) is upgraded to Outperform with a $59 target price at Credit Suisse after the MLP raised FY 2013 guidance. CS raises its FY 2014 EBITDA outlook in part to reflect the possibility of adding an additional 50 kb/day capacity, which would cost just $80M but would add ~$30M EBITDA. Raymond James also lifts its target price to $56 from $52.