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Fly News Breaks for July 16, 2015
MPLX
Jul 16, 2015 | 06:34 EDT
Evercore downgraded MPLX (MPLX) to Sell and reduced its price target to $55 from $80. The firm expects shares to re-rate lower following the proposed acquisition of MarkWest Energy (MWE) and said the company went from a high growth 'drop down titan' to a more organic growth focused MLP with some commodity exposure.
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