Truist raised the firm’s price target on Targa Resources (TRGP) to $285 from $279 and keeps a Buy rating on the shares as part of a broader research note on Midstream energy names. The firm is updating its estimates ahead of Q1 earnings on account of Winter Storm impact in the Permian and, as such, Truist is citing the recorded downtime in the Gathering and Processing segment for both the Midland and Delaware systems, the analyst tells investors in a research note.
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Read More on TRGP:
- Targa Resources price target raised to $327 from $298 at Morgan Stanley
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- Targa Resources: Expanding Permian Growth Pipeline and Earnings Power Drives Upgraded Valuation
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