Barclays Raises Price Target for MPLX Amid Improved Outlook
On May 14, Barclays analyst Theresa Chen raised the price target for MPLX LP (NYSE:MPLX) to $59 from $58 while maintaining an Overweight rating. The firm cited a more constructive environment for U.S. crude production and strong Q1 earnings results showing over $1.7 billion in adjusted EBITDA.
Topics: Barclays upgrade dividend stocks midstream energy MPLX