Raymond James downgrades MPLX (MPLX) to a Hold
MPLX received a Hold rating and price target from Raymond James analyst today.
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Currently, the analyst consensus on MPLX is a Moderate Buy with an average price target of $58.14.
Based on MPLX’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.62 billion and a net profit of $1.55 billion. In comparison, last year the company earned a revenue of $2.78 billion and had a net profit of $1.04 billion
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