JPMorgan Downgrades MPLX to Neutral with $57 Price Target
JPMorgan downgraded MPLX to Neutral from Overweight with an unchanged price target of $57. The firm says the stock's outperformance in 2025 has left less room for upside relative to peers. The analyst sees limited near-term catalysts for units. It cites a more balanced risk/reward on MPLX shares for the downgrade.
