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Fly News Breaks for October 31, 2016
MPC, MPLX
Oct 31, 2016 | 08:16 EDT
Raymond James upgraded MPLX (MPLX) two notches to Strong Buy from Market Perform citing the dropdown profile from Marathon Petroleum (MPC) announced last week, combined with the increasing likelihood that the long-term cost of capital concerns of the partnership will be rectified, he believes the current risk/reward appears increasingly positive.
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