JPMorgan raised the firm’s price target on Targa Resources (TRGP) to $209 from $189 and keeps an Overweight rating on the shares as part of a Q2 preview. The firm marked to market commodity prices and believes the company’s producer activity is intact.
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Read More on TRGP:
- Targa Resources: Strong Permian Positioning and Growth Potential Drive Buy Rating
- Targa Resources initiated with a Hold at TD Securities
- Targa Resources: Hold Rating Amidst Strong Positioning and Valuation Concerns
- Targa Resources price target raised to $205 from $191 at RBC Capital
- Targa Resources Completes $1.5 Billion Senior Notes Offering