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Morgan Stanley Reaffirms Their Hold Rating on MPLX (MPLX)

Tipranks - Tipranks - Thu Jan 29, 8:16AM CST

In a report released today, Robert Kad from Morgan Stanley maintained a Hold rating on MPLX, with a price target of $62.00.

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According to TipRanks, Kad is a 4-star analyst with an average return of 7.9% and a 60.41% success rate. Kad covers the Energy sector, focusing on stocks such as Energy Transfer, Enterprise Products Partners, and Oneok.

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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