B of A Securities Reinstates Underperform on MPLX, Announces $43 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jean Ann Salisbury has reinstated an 'Underperform' rating on MPLX (NYSE:MPLX) with a price target of $43.
October 17, 2024 | 4:31 pm
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NEGATIVE IMPACT
B of A Securities has reinstated an 'Underperform' rating on MPLX with a price target of $43, suggesting potential downside.
The 'Underperform' rating and the $43 price target from B of A Securities suggest that the stock is expected to perform worse than the market. This could lead to a negative short-term impact on MPLX's stock price as investors may react to the analyst's bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100