Published on 17 Apr 2024 on Zacks via Yahoo Finance
Brokers Suggest Investing in MPLX LP (MPLX): Read This Before Placing a Bet
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Let's take a look at what these Wall Street heavyweights have to say about MPLX LP (MPLX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.