Goldman Sachs lowered the firm’s price target on Targa Resources (TRGP) to $188 from $189 and keeps a Buy rating on the shares. The quarter was better than expected on stronger Gathering and Processing and Logistics and Transportation segments performance, with volumes and frac margin strength, the analyst tells investors in a research note. The management also expects ongoing Permian growth and commercial success to likely support low double digit Permian inlet volume growth for 2026, the firm added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRGP:
- Targa Resources Completes $1.75 Billion Senior Notes Offering
- Targa Resources price target raised to $261 from $240 at Morgan Stanley
- Targa Resources Announces $1.75 Billion Senior Notes Offering
- Targa Resources price target lowered to $213 from $216 at Stifel
- Targa Resources price target raised to $196 from $185 at BMO Capital