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Stock impact report

Barclays Raises MPLX Target Ahead of Q1, Sees Stable Fundamentals [Yahoo! Finance]

MPLX LP Common Units Representing Limited Partner Interests (MPLX) 
Last mplx lp common units representing limited partner interests earnings: 1/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: mplx.com/contact_us/investor_relations
Company Research Source: Yahoo! Finance
On April 10, Barclays analyst Theresa Chen raised the price recommendation on MPLX LP (NYSE:MPLX) to $59 from $55. It maintained an Overweight rating ahead of the Q1 report. She said the stock's relative underperformance compared to peers likely reflects its “lower commodity torque.” At the same time, she noted that the company's core assets and overall strategy have not changed. A few days earlier, on April 7, Truist analyst Gabe Daoud slightly lowered his price target to $66 from $67 and maintained a Buy rating. The firm reduced its Q1 estimates, pointing to near-term pressure in the Natural Gas and NGL Services segment and shifts in commodity prices during the quarter. He also said the updated outlook reflects the impact of Winter Storm Fern on production, along with a one-time FERC benefit. MPLX LP (NYSE:MPLX) operates as a large-cap master limited partnership focused on midstream energy infrastructure and logistics. The company also provides fuel distribution services. Its b Show less Read more
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