Truist analyst Neal Dingmann raised the firm’s price target on Targa Resources to $125 from $120 and keeps a Buy rating on the shares. The analyst sees continued upside from Permian natural gas, fractionation, and LPG export volumes along with NGL pipeline transportation. Truist adds that as a result of the operational upside, the firm believes that Targa’s dividend will continue to grow next year beyond the 50% upside this year.
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