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Goldman Sachs Raises MPLX Target to $63, Cites Strong Sector Momentum

2026-04-28 04:15:21

Abstract generation in progress

Goldman Sachs has raised its price target for MPLX LP to $63 from $55, reiterating a Buy rating due to strong sector performance driven by a shift to energy stocks and Middle East tensions. Barclays also increased its price target to $59, maintaining an Overweight rating. MPLX LP is a master limited partnership focusing on midstream energy infrastructure, specifically in crude oil, natural gas, and related product logistics.

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