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Barclays Sticks to Its Buy Rating for MPLX (MPLX)

Tipranks - Tipranks - Fri May 15, 4:28AM CDT

Barclays analyst Theresa Chen maintained a Buy rating on MPLX today and set a price target of $59.00.

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Chen covers the Energy sector, focusing on stocks such as Kinetik, Energy Transfer, and Enterprise Products Partners. According to TipRanks, Chen has an average return of 19.0% and a 76.22% success rate on recommended stocks.

In addition to Barclays, MPLX also received a Buy from Wells Fargo’s Michael Blum in a report issued on May 7. However, on May 6, Raymond James maintained a Hold rating on MPLX (NYSE: MPLX).

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Based on MPLX’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.04 billion and a net profit of $922 million. In comparison, last year the company earned a revenue of $2.89 billion and had a net profit of $1.13 billion

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