Its price target on Magellan has been sliced 40 per cent from $29.30 to $17.50 on 10.1 times forecast FY 2023 profits. Dividends per share are forecast at $1.74 in FY 2023.if you want to down ramp quote fact it’s not 17
and let’s be honest brokers under and over call it’s not 17 it’s 17.50
MFG Price at posting:
$20.31 Sentiment: Buy Disclosure: Held
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