MPLX Crosses Above Average Analyst Target
May 18, 2021 at 08:12 AM EDT
In recent trading, shares of MPLX LP (MPLX) have crossed above the average analyst 12-month target price of $29.22, changing hands for $29.65/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..