Mizuho raised the firm’s price target on Targa Resources (TRGP) to $260 from $207 and keeps an Outperform rating on the shares. The firm remains confident in Targa’s Permian positioning and execution across its growth capex initiatives. The company’s “strong” returns on capital is attractive with a balance sheet supportive of accelerating share repurchases in fiscal 2027, the analyst tells investors in a research note.
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