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Targa Resources ( (TRGP) ) just unveiled an announcement.
On August 1, 2025, D. Scott Pryor announced his retirement as President of Logistics and Transportation at Targa Resources, effective March 1, 2026, with no disagreements cited. Subsequently, on August 4, 2025, Benjamin J. Branstetter was appointed to the position, effective the same date, while continuing his role as Senior Vice President – Downstream Commercial until then. Branstetter’s extensive experience within the company and prior investment banking experience at Lazard, Inc. positions him well for this leadership role.
The most recent analyst rating on (TRGP) stock is a Hold with a $208.00 price target. To see the full list of analyst forecasts on Targa Resources stock, see the TRGP Stock Forecast page.
Spark’s Take on TRGP Stock
According to Spark, TipRanks’ AI Analyst, TRGP is a Outperform.
Targa Resources’ overall score reflects strong financial performance, boosted by a positive earnings call highlighting significant growth and strategic initiatives. However, technical analysis indicates short-term bearish trends, and valuation metrics suggest the stock might be overvalued. The recent corporate event enhances financial flexibility, slightly offsetting leverage concerns.
To see Spark’s full report on TRGP stock, click here.
More about Targa Resources
Targa Resources Corp. operates in the energy sector, focusing on logistics and transportation services. The company is involved in the downstream commercial sector, providing services related to natural gas liquids (NGL) supply and business development.
Average Trading Volume: 1,732,902
Technical Sentiment Signal: Buy
Current Market Cap: $35.5B
Find detailed analytics on TRGP stock on TipRanks’ Stock Analysis page.