Goldman Sachs lowered the firm’s price target on Targa Resources (TRGP) to $188 from $189 and keeps a Buy rating on the shares. The quarter was better than expected on stronger Gathering and Processing and Logistics and Transportation segments performance, with volumes and frac margin strength, the analyst tells investors in a research note. The management also expects ongoing Permian growth and commercial success to likely support low double digit Permian inlet volume growth for 2026, the firm added.
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