Truist raised the firm’s price target on Targa Resources (TRGP) to $289 from $285 and keeps a Buy rating on the shares. The firm states that Cconsistent with company messaging, it is pulling forward the recently announced Delaware processing plants contributions and capital forward a quarter to align with Copperhead II and Roadrunner III, as well as slightly revising Roadrunner output down 10 MMcf/d. Truist adds it has also updated Targa volumes cadence to account for producer curtailments discussed by management.
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