Barclays lowered the firm’s price target on Targa Resources (TRGP) to $206 from $211 and keeps an Overweight rating on the shares. The firm thinks the path forward for Targa will depend on the magnitude and duration of additional crude price volatility, driving Permian producer plans in the 2026 and beyond time frame. Near-term, the company should generate “ratable earnings” with a step-up in the second half of 2025, the analyst tells investors in a research note.
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