RBC Capital Maintains Outperform on MPLX, Raises Price Target to $64
RBC Capital analyst Elvira Scotto maintains MPLX (NYSE:MPLX) with a Outperform and raises the price target from $60 to $64.
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MPLX (NYSE:MPLX) has outperformed the market over the past 5 years by 4.85% on an annualized basis producing an average annual return of 16.25%. Currently, MPLX has a market capitalization of $60.40 billion. Buying
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RBC Capital analyst Elvira Scotto maintains MPLX (NYSE:MPLX) with a Outperform and raises the price target from $60 to $64.
Read original at benzingaMPLX, a midstream operator with dominant positioning in natural gas gathering and processing in the Permian Basin, is trending on Wall Street due to strong Q2 earnings, a 7.2% dividend yield, and analyst upgrades. The company increased 2026 spending plans to $2.9 billion to capitalize on growing demand for natural gas and NGL infrastructure, with expected 12.5% dividend growth through 2027. U.S. natural gas demand is projected to increase 15% through 2030, supported by LNG and data center needs.
Read original at the-motley-foolPipelines are each running from the Permian Basin to Katy, TX. The project has secured substantial long-term firm transportation agreements with predominantly investment-grade shippers to support the FID. Solitude will
Read original at benzingaMorgan Stanley analyst Robert Kad maintains MPLX (NYSE:MPLX) with a Equal-Weight and raises the price target from $60 to $66.
Read original at benzinga