Transportadora de Gas del Sur price target raised to $46 from $44 at BofA

BofA raised the firm’s price target on Transportadora de Gas del Sur (TGS) to $46 from $44 and keeps a Buy rating on the shares. The firm’s revised estimates reflect higher returns from Transportadora’s largest NGL project announced after further clarifications with the company yesterday, says the analyst, who remains “bullish on TGS as Argentina’s gas key developer.”