RBC Capital raised the firm’s price target on Targa Resources (TRGP) to $281 from $270 and keeps an Outperform rating on the shares after its Q1 results and 2026 EBITDA guidance raise. The firm views the company as being positioned well for growth into 2026 and beyond, supported by growth projects driven by customer demand, with incremental upside potential from commodity price tailwinds, the analyst tells investors in a research note.
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