There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Paladin Energy Ltd (PALAF – Research Report) and MPLX (MPLX – Research Report) with bullish sentiments.
Paladin Energy Ltd (PALAF)
In a report issued on January 29, James Bullen from Canaccord Genuity maintained a Buy rating on Paladin Energy Ltd, with a price target of A$1.30. The company’s shares closed last Thursday at $0.88, close to its 52-week high of $0.93.
According to TipRanks.com, Bullen is a 4-star analyst with an average return of
Currently, the analyst consensus on Paladin Energy Ltd is a Strong Buy with an average price target of $0.98, which is a 17.4% upside from current levels. In a report issued on January 29, Bell Potter also upgraded the stock to Buy with a A$1.60 price target.
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MPLX (MPLX)
Goldman Sachs analyst John Mackay reiterated a Buy rating on MPLX today and set a price target of $42.00. The company’s shares closed last Thursday at $38.85.
According to TipRanks.com, Mackay is a 4-star analyst with an average return of
Currently, the analyst consensus on MPLX is a Moderate Buy with an average price target of $42.50, representing a 9.7% upside. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $47.00 price target.
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