Targa Resources price target raised to $105 from $99 at Mizuho

Mizuho analyst Gabriel Moreen raised the firm’s price target on Targa Resources to $105 from $99 and keeps a Buy rating on the shares. The firm says Targa remains a top pick, “boasting the most compelling growth story” in its Midstream coverage. Despite missing Q2 Street numbers, the analyst is “positively disposed” to the company’s update citing an unchanged near-term growth outlook and ramping capital return. Further visibility on both items may serve as catalysts heading into 2024, the analyst tells investors in a research note.