MPLX price target raised to $59 from $55 at Barclays

Barclays analyst Theresa Chen raised the firm’s price target on MPLX (MPLX) to $59 from $55 and keeps an Overweight rating on the shares ahead of the Q1 report. MPLX’s relative share underperformance versus peers likely reflects its “lower commodity torque,” but the company’s core assets and strategy remain unchanged, the analyst tells investors in a research note.