Targa Resources price target raised to $208 from $198 at Wells Fargo

Wells Fargo raised the firm’s price target on Targa Resources (TRGP) to $208 from $198 and keeps an Overweight rating on the shares. The firm notes Q2 was in line, and 2025 guidance was reaffirmed. Targa continues to forecast robust Permian volume growth in 2025/26 despite the broader macro headwinds, Wells adds.