Goldman Sachs analyst John Mackay 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, with management highlighting strong conviction on continued growth with Q3 Permian volumes as in-line to slightly above initial expectations, the analyst tells investors in a research note. Despite a softer macro backdrop into 2026, Goldman sees Targa as better positioned vs. peers to capture growth given its higher quality acreage dedication exposure and recent commercial success.
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