Argus lowered the firm’s price target on Targa Resources (TRGP) to $190 from $250 and keeps a Buy rating on the shares. Targa Resources reported a decline in earnings in Q1 as Permian Basin volumes missed forecasts, the analyst tells investors in a research note. However, the firm projects the company’s 2025 EBITDA to exceed management’s $4.65B-$4.85B guidance, helped by strong production in the Permian basin throughout the year.
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Read More on TRGP:
- Targa Resources price target lowered to $228 from $259 at UBS
- Targa Resources: Buy Rating Affirmed Amid Growth Potential and Strategic Capital Management
- Targa Resources price target lowered to $197 from $227 at Citi
- Targa Resources added to Analyst Current Favorites list at Raymond James
- Targa Resources Corp. Achieves Record Q1 2025 Results
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