Citi lowered the firm’s price target on Targa Resources (TRGP) to $197 from $227 and keeps a Buy rating on the shares. The firm updated the stock’s valuation to reflect the potential for a slower growth environment. However, Citi still expects Target will be able to grow EBITDA 6% year-over-year in 2026, even if Permian crude growth is flat exit to exit 2025 to 2026.
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