There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Chevron (CVX – Research Report) and MPLX (MPLX – Research Report) with bullish sentiments.
Chevron (CVX)
DBS analyst Suvro Sarkar reiterated a Buy rating on Chevron yesterday and set a price target of $182.00. The company’s shares closed last Monday at $166.33.
According to TipRanks.com, Sarkar is a 4-star analyst with an average return of
Chevron has an analyst consensus of Strong Buy, with a price target consensus of $185.88, a 12.0% upside from current levels. In a report released yesterday, Scotiabank also maintained a Buy rating on the stock with a $195.00 price target.
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MPLX (MPLX)
Goldman Sachs analyst John Mackay maintained a Buy rating on MPLX today. The company’s shares closed last Monday at $41.96, close to its 52-week high of $42.89.
According to TipRanks.com, Mackay is a 5-star analyst with an average return of
MPLX has an analyst consensus of Strong Buy, with a price target consensus of $45.50, representing a 7.5% upside. In a report issued on April 22, RBC Capital also maintained a Buy rating on the stock with a $46.00 price target.
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