Reported 1 day ago
MPLX LP (NYSE:MPLX) is recommended as a 'Buy' by UBS, which has set a price target of $64, following a notable 20.77% return over the last year. The positive outlook is driven by anticipated volume increases in the natural gas liquids (NGL) sector, with the bank raising its third-quarter 2025 EBITDA estimate from $490 million to $534 million due to enhanced ownership stakes in key projects. MPLX specializes in midstream energy infrastructure, focusing on various energy logistics and operations.
Source: YAHOO