Barclays raised the firm’s price target on Targa Resources (TRGP) to $255 from $226 and keeps an Overweight rating on the shares ahead of the Q1 report. The firm believes Targa’s asset positioning and strategy are “well-aligned to capture incremental upside” amid uncertainty surrounding developments in Iran, which is bolstering commodity prices.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRGP:
- Targa Resources price target raised to $280 from $228 at UBS
- Targa Resources: Expanding Permian Growth Pipeline and Earnings Power Drives Upgraded Valuation
- Targa Resources initiated with a Buy at Truist
- Targa Resources price target raised to $260 from $207 at Mizuho
- Oil Prices Are Soaring Today. Buy These 2 Energy Stocks Now, According to Wall Street