TD Cowen raised the firm’s price target on Targa Resources (TRGP) to $220 from $192 and keeps a Hold rating on the shares. The firm said 2026 EBITDA guide was in-line, albeit with conservative components, while capex guide was high. The company lifted its medium-term growth outlook from 2 plants per year, which the firm embedded in its model, to 3 plants.
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