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Fly News Breaks for December 13, 2019
MPLX
Dec 13, 2019 | 07:12 EDT
SunTrust analyst Tristan Richardson initiated coverage of MPLX with a Hold rating and $28 price target. The analyst is positive on the company's "stable refining logistics / storage footprint" and its "large scale gathering" capability in the Northeast, along with its "appealing" valuation, but notes that the activist-driven strategic review of its sponsor's business strategy limits its near term visibility.
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