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RBC Capital Sticks to Their Buy Rating for MPLX (MPLX)

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

RBC Capital analyst Elvira Scotto maintained a Buy rating on MPLX yesterday and set a price target of $60.00.

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Scotto covers the Energy sector, focusing on stocks such as USA Compression, Targa Resources, and MPLX. According to TipRanks, Scotto has an average return of 12.1% and a 67.43% success rate on recommended stocks.

In addition to RBC Capital, MPLX also received a Buy from TipRanks – xAI’s xAi Oil and Gas Midstream in a report issued on January 19. However, yesterday, Morgan Stanley maintained a Hold rating on MPLX (NYSE: MPLX).

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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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