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UPDATE: Credit Suisse Initiates MPLX LP at Buy on Attractive Total Return

Related MPLX
Why MPLX Stock Might Be A Great Pick - Tale Of The Tape
Why MPLX LP (MPLX) Could Be an Impressive Growth Stock - Tale of the Tape

Credit Suisse initiated coverage on MPLX LP (NYSE: MPLX) with a Buy rating and a $31 price target.

Credit Suisse noted, "Our positive outlook on the partnership is based on: 1) MPLX's access to a portfolio of eligible drop-down assets at its parent, Marathon Petroleum Corporation (MPC); 2) Strategically located assets near MPC refineries in the Midwest and Gulf Coast regions; 3) Stable fee-based cash flows with minimum volume commitments; and 4) Organic growth opportunities."

MPLX LP closed at $27.05 on Monday.

Latest Ratings for MPLX

DateFirmActionFromTo
Nov 2014BarclaysMaintainsOverweight
Oct 2014CitigroupMaintainsBuy
Oct 2014BarclaysMaintainsOverweight

View More Analyst Ratings for MPLX
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Initiation Intraday Update Analyst Ratings

 

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