Stifel Lifts MPLX Price Target Amid Northwind Acquisition Growth Potential

MPLX LP (NYSE:MPLX) ranks among the best stocks to buy for retirement. Stifel raised its price target for MPLX LP (NYSE:MPLX) to $60 from $57 on August 14, retaining a Buy rating on the company. The price target hike follows MPLX’s second-quarter 2025 earnings, which Stifel reported were below forecasts.

While pointing to MPLX’s recent acquisition of Northwind as a positive catalyst, Stifel warned that it might take 12 to 18 months for the full advantages to become apparent when growth projects begin.

Additionally, the firm cited management’s remarks that the partnership’s distribution growth rate should be maintained at 12.5% “for the foreseeable future, while living within cash flows” as a positive indication.

Founded in 2012 by Marathon Petroleum Corporation, MPLX LP (NYSE:MPLX) owns and operates midstream energy infrastructure alongside logistics assets and offers fuels distribution services.

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Disclosure: None. This article is originally published at Insider Monkey.