MPLX LP (MPLX) Price Target Cut Slightly, Rating Stays ‘Overweight’
MPLX LP (NYSE:MPLX) is among the most profitable oil stocks to buy now. Analysts at Wells Fargo have reiterated their ‘Overweight’ rating on MPLX LP (NYSE:MPLX), while cutting the price target to 60.00, implying a potential surge of about 18%. This 1.67% price target reduction is driven by the company’s recent sale of its Rockies gathering and processing (G&P) assets. The research firm believes that this transfer of assets could impact the company’s future earnings, particularly the EBITDA. A ...