Barclays raised the firm’s price target on Targa Resources (TRGP) to $226 from $191 and keeps an Overweight rating on the shares. The updated the company’s model to reflect the Q4 report. Targa’s long-term fundamentals remain on an improving trajectory, the analyst tells investors in a research note.
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Read More on TRGP:
- Targa Resources Posts Record 2025 Results, Hikes Dividend
- Targa Resources sees 2026 adjusted EBITDA $5.4B-$5.6B vs. $4.96B in 2025
- Targa Resources to recommend Q1 dividend increase of 25% to $1.25
- Targa Resources reports Q4 revenue $4.06B, consensus $4.14B
- Targa Resources price target raised to $231 from $193 at Seaport Research