Scotiabank analyst Brandon Bingham lowered the firm’s price target on Targa Resources (TRGP) to $193 from $199 and keeps an Outperform rating on the shares. The firm is refreshing its valuation analysis for U.S. Midstream stocks under its coverage to incorporate Q1 results, the analyst tells investors. While not much has changed overall since the firm’s last iteration, dislocations between current price, implied values, and price targets persist in certain names.
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Read More on TRGP:
- Targa Resources price target lowered to $212 from $218 at Mizuho
- Targa Resources price target lowered to $178 from $206 at Barclays
- Targa Resources price target lowered to $190 from $250 at Argus
- Targa Resources price target lowered to $228 from $259 at UBS
- Targa Resources: Buy Rating Affirmed Amid Growth Potential and Strategic Capital Management
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