Mizuho analyst Gabriel Moreen lowered the firm’s price target on Targa Resources (TRGP) to $212 from $218 and keeps an Outperform rating on the shares. The firm updated midstream estimates post the Q1 reports. Midstream’s Q1 reporting cycle seemed to confirm that the near-term outlook across the group is mostly unchanged, but investors will focus on posturing around growth in fiscal 2026 and beyond, the analyst tells investors in a research note.
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Read More on TRGP:
- 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
- Targa Resources price target lowered to $197 from $227 at Citi
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