RBC Raises and Deutsche Bank Cuts Price Targets for MPLX
Change in price targets
Following strategic updates on incentive distribution rights removal and accelerated dropdowns announced by MPLX (MPLX) yesterday, RBC Capital Markets raised its price target from $45 to $47. At the same time, Deutsche Bank cut its price target from $41 to $40.
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The above chart shows the recommendations for MPLX from analysts surveyed by Reuters. The median target price for MPLX is $39.5. It implies a 12% price return over a year from MPLX’s current price of $35.2.
Read Why Is MPLX Underperforming Peers in 2016? to learn more about MPLX.