Stock Rating Upgrade
The Value Trend Rating for MPLX LP (NYSE: MPLX) improved during the last several trading days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
MPLX LP (NYSE: MPLX) stock closed at $41.92 on 4/8/24 after a slight decline of -0.5%. NORMAL trading volume accompanied the decline. The stock has risen 0.9% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MPLX is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
MPLX has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MPLX has a neutral Appreciation Score of 48 but a good Power Rating of 83, resulting in the Positive Value Trend Rating.
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