MPLX Reaches Analyst Target Price
January 07, 2021 at 10:53 AM EST
In recent trading, shares of MPLX LP (MPLX) have crossed above the average analyst 12-month target price of $23.60, changing hands for $23.94/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..