Wells Fargo lowered the firm’s price target on MPLX (MPLX) to $59 from $60 and keeps an Overweight rating on the shares. The firm is updating its 2025/2026 EBITDA estimates mostly to reflect MPLX’s recently announced Rockies G&P sale.
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Read More on MPLX:
- MPLX enters into definitive agreement to divest its Rockies assets for $1.0B
- MPLX price target raised to $60 from $57 at Morgan Stanley
- MPLX Expands Board, Elects New Director
- WhiteWater, Enbridge, MPLX and Oneok move forward with Eiger Express Pipeline
- MPLX price target raised to $60 from $57 at Stifel