BofA analyst Jean Ann Salisbury raised the firm’s price target on MPLX (MPLX) to $54 from $50 and keeps an Underperform rating on the shares. The firm cites progress with the company’s NGL strategy for the higher target, but the view that the company’s system is “lacking relative to incumbent players” for its rating.
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Read More on MPLX:
- Want a 7% Dividend Yield? Analysts Select 2 Dividend Stocks to Buy
- MPLX price target raised to $60 from $55 at Raymond James
- MPLX price target raised to $59 from $54 at Wells Fargo
- MPLX: Balanced Outlook with Strong Cash Flow Amidst Operational Challenges Justifies Hold Rating
- Strong Financial Performance and Strategic Expansion Propel MPLX to ‘Buy’ Rating
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