Truist Cuts MPLX (MPLX) Price Target by $1

MPLX LP (NYSE:MPLX) is one of the MLP Stocks List: 20 Largest MLPs.

Truist Cuts MPLX (MPLX) Price Target by $1

On April 7, 2026, Truist analyst Gabe Daoud lowered the price target on MPLX LP (NYSE:MPLX) by $1 to $66 and maintained a Buy rating on the stock. In addition to the near-term headwinds in the Natural Gas and NGL Services segment, the firm cited commodity price shifts during the quarter for reducing its first-quarter estimates. The analyst further added that the updated estimates incorporate production impacts from Winter Storm Fern and a one-time FERC regulatory benefit. Notably, Truist initiated coverage of MPLX LP (NYSE:MPLX) on March 23, 2026, with a price target of $67 while citing the company’s expansion of its G&P presence in the Permian and Marcellus as its core basins, as well as a timely divestiture of its Rockies assets that are not optimally utilized.

Similar to this adjustment, earlier on March 16, 2026, UBS raised its price target on MPLX LP (NYSE:MPLX) from $64 to $73. The firm’s analyst kept a Buy rating on the stock.

Founded in 2012, MPLX LP (NYSE:MPLX) is a leading midstream energy infrastructure provider that operates a diversified portfolio of gathering, processing, and fractionation assets, alongside a dominant crude oil and refined products pipeline network. Its headquarters is located in Ohio.

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