MPLX LP Announces $1 Billion Private Placement of 6.5% Series A Convertible Preferred Units

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Go back to MPLX LP Announces $1 Billion Private Placement of 6.5% Series A Convertible Preferred Units

UPDATE: Stifel Upgrades MPLX LP (MPLX) to Buy

April 29, 2016 8:22 AM EDT

(Updated - April 29, 2016 9:22 AM EDT)

Stifel upgraded MPLX LP (NYSE: MPLX) from Hold to Buy with a price target of $36. Analyst Selman Akyol said the company's private preferred issuance removes near term equity needs.

"MPLX LP reported a relatively in... More