Scotiabank raised the firm’s price target on Targa Resources (TRGP) to $246 from $224 and keeps an Outperform rating on the shares. The firm is updating its price target due to the increase in forecasted EBTIDA and 0.25x increase to its target multiple, the analyst tells investors.
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Read More on TRGP:
- Targa Resources price target raised to $262 from $200 at Citi
- Targa Resources price target raised to $220 from $192 at TD Cowen
- Balanced Risk-Reward Amid Growth Upside and Valuation Concerns Justifies Hold Rating on Targa
- Targa Resources Signals Robust Growth in Earnings Call
- Targa Resources price target raised to $242 from $196 at Goldman Sachs
