tiprankstipranks
The Fly

MPLX reinstated with an Underperform at BofA

MPLX reinstated with an Underperform at BofA

BofA analyst Jean Ann Salisbury reinstated coverage of MPLX with an Underperform rating and $43 price target The firm sees lower growth in coming years and thinks MPLX can grow EBITDA in the “low single digits, not 10%,” the analyst tells investors. Participation in Blackcomb limits capex reduction in the near-term, suggesting limit to dividend growth in 2025/26, the analyst added.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Questions or Comments about the article? Write to editor@tipranks.com