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Targa Resources price target raised to $246 from $224 at Scotiabank

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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