Scotiabank raised the firm’s price target on Targa Resources (TRGP) to $224 from $199 and keeps an Outperform rating on the shares. The firm is updating its price targets for Energy Infrastructure stocks under its coverage, the analyst tells investors. Scotiabank notes tailwinds from strong power demand and LNG exports are driving increased opportunities, leading the firm to believe there is an upward bias to its long-term estimates.
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Read More on TRGP:
- Targa Resources price target raised to $207 from $205 at Wells Fargo
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