As previously reported, Seaport Research downgraded Targa Resources (TRGP) to Neutral from Buy with no price target Shares are up about 38% year-to-date, outperforming the diversified midstream peers as well as the Midstream Alerian index AMEI by more than 15%, supported by Targa Resources’ strong 2026 guidance and also better than average growth outlook. Following this outperformance, the firm believes that “most of the growth is already priced in the stock,” the analyst tells investors.
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Read More on TRGP:
- Targa Resources downgraded to Neutral from Buy at Seaport Research
- Targa Resources named a Top Pick at Morgan Stanley
- Targa Resources price target raised to $268 from $242 at Goldman Sachs
- Targa Resources raises quarterly dividend to $1.25 from $1.00 per share
- Targa Resources price target raised to $249 from $246 at Scotiabank