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Fly News Breaks for October 8, 2018
MPLX
Oct 8, 2018 | 21:43 EDT
Goldman Sachs analyst Michael Lapides downgraded MPLX to Neutral and lowered his price target for the shares to $35 from $41. Largely due to its increased scale, MPLX screens as having below-average distribution and EBITDA growth from 2019 to 2021, Lapides tells investors in a research note. He believes MPLX should trade at a premium multiple to the group but now sees greater upside elsewhere in the space.
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