Morgan Stanley raised the firm’s price target on Targa Resources (TRGP) to $266 from $264 and keeps an Overweight rating on the shares. The firm is updating its price targets for North American Midstream & Renewable Energy Infrastructure stocks under its coverage, the analyst tells investors. Morgan Stanley notes the earnings season started with strong results and the energy sector had led performance in the S&P given strength across commodity prices.
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Read More on TRGP:
- Targa Resources price target raised to $224 from $199 at Scotiabank
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