Truist analyst Gabe Daoud lowered the firm’s price target on MPLX (MPLX) to $66 from $67 and keeps a Buy rating on the shares. The firm is lowering its Q1 estimates due to headwinds near term in the Natural Gas and NGL Services segment and due to changes in commodity prices during the quarter, the analyst tells investors in a research note. The updated estimates also reflect impacts from Winter Storm Fern on production as well as a one-time FERC benefit, Truist added.
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