TD Cowen raised the firm’s price target on Targa Resources (TRGP) to $245 from $236 and keeps a Hold rating on the shares. The firm said they beat and raised FY26 EBITDA on marketing. It baked-in marketing upside through May, implying potential for additional upside this year.
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Read More on TRGP:
- Targa Resources price target raised to $268 from $243 at Stifel
- Targa Resources price target raised to $270 from $264 at Wells Fargo
- Targa Resources Lifts 2026 Outlook Amid Record Q1
- Targa Resources reports Q1 revenue $4.09B, consensus $4.68B
- Targa Resources raises 2026 adj EBITDA view to $5.7B-$5.9B from $5.4B-$5.6B