MPLX price target raised to $60 from $57 at Stifel

Stifel raised the firm’s price target on MPLX (MPLX) to $60 from $57 and keeps a Buy rating on the shares. While noting Q2 results were “light” compared to the firm’s expectations, Stifel remains encouraged by MPLX’s growth, further cemented by its recent Northwind acquisition, the analyst tells investors. MPLX remains a Select List pick, the analyst noted.