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Barclays Sticks to Their Buy Rating for MPLX (MPLX)

Tipranks - Tipranks - Wed Jan 14, 4:00AM CST

In a report released today, Theresa Chen from Barclays maintained a Buy rating on MPLX, with a price target of $55.00.

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Chen covers the Energy sector, focusing on stocks such as Phillips 66, Valero Energy, and HF Sinclair Corporation. According to TipRanks, Chen has an average return of 15.3% and a 73.21% success rate on recommended stocks.

Currently, the analyst consensus on MPLX is a Moderate Buy with an average price target of $58.14.

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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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