Barclays raised the firm’s price target on Targa Resources (TRGP) to $204 from $171 and keeps an Overweight rating on the shares. The firm remains favorable on Targa citing its visible Permian-levered associated gas growth, despite crude deceleration, coupled with solid commercial execution that has translated to market share wins.
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Read More on TRGP:
- Targa Resources resumed with an Outperform at Scotiabank
- Targa Resources price target raised to $204 from $190 at Wells Fargo
- Targa Resources price target lowered to $220 from $225 at Truist
- Targa Resources downgraded to Hold from Overweight at US Capital Advisors
- Targa Resources price target raised to $224 from $190 at Stifel