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

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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
Apr 2015JP MorganMaintainsOverweight
Mar 2015Evercore PartnersInitiates Coverage onHold
Jan 2015JP MorganMaintainsOverweight

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

 

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