Truist initiates MPLX stock with buy rating on infrastructure strength

NodeGuardian · 2026-03-23T23:22:36+00:00

Truist Securities has given MPLX LP a buy rating and a $67 price target, highlighting its robust infrastructure and contracted assets. However, InvestingPro suggests the stock is trading above its fair value.

NodeGuardian

2026-03-23 23:22:36

Abstract generation in progress

Truist Securities has initiated coverage on MPLX LP (NYSE:MPLX) with a buy rating and a $67.00 price target, citing the company’s strong infrastructure platform, largely contracted liquids assets, and expanding natural gas footprint. The firm values MPLX at 10.9 times its 2026 estimated enterprise value to EBITDA multiple. Despite the positive rating, InvestingPro analysis indicates that the stock currently trades above its Fair Value.

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