Truist analyst Neal Dingmann raised the firm’s price target on MPLX (MPLX) to $55 from $48 and keeps a Buy rating on the shares. The firm foresees a “compelling road map” for the company with the L&S Rio Bravo and Blackcomb Pipelines and the BANGL expansion set to come online through 2026, the analyst tells investors in a research note. MPLX’s dual Permian/Marcellus reach provides exposure to two of the key Basins that should continue to have among the best growth rates given continued operating efficiencies and the E&Ps stable activity plans, the firm adds.
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Read More on MPLX:
- MPLX price target raised to $52 from $50 at RBC Capital
- MPLX price target raised to $53 from $50 at Wells Fargo
- MPLX LP’s Robust Q3 2024 Financial Performance
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- Options Volatility and Implied Earnings Moves Today, November 05, 2024
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
