Truist analyst Gabe Daoud initiated coverage of Targa Resources (TRGP) with a Buy rating and $279 price target The company is the preeminent Permian G&P provider benefitting from relationships with some of the largest E&P operators in the Permian and should provide peer-leading EBITDA growth alongside significantly expanding free cash flow in FY27 and beyond, the analyst tells investors in a research note.
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