Barclays raised the firm’s price target on Targa Resources to $116 from $105 and keeps an Overweight rating on the shares. The analyst increased the price target after looking at the near-term tailwinds for refiners as well as potential offsets.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TRGP:
- Targa Resources Appoints Caron Lawhorn to Board and Audit Committee
- Targa Resources price target raised to $125 from $122 at JPMorgan
- Targa Resources Corp. to Participate in Morgan Stanley Energy & Power Conference
- Robert B. Evans Retires, Robert Teague Joins Targa Board
- Targa Resources price target raised to $109 from $106 at RBC Capital