Morgan Stanley raised the firm’s price target on Targa Resources to $140 from $134 and keeps an Overweight rating on the shares. Despite being range-bound over the past two months, midstream equities are holding up well as the broader energy sector has experienced weakness recently, the analyst tells investors.
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>>
Read More on TRGP:
- Targa Resources price target raised to $140 from $130 at JPMorgan
- Targa Resources Corp. to Participate in 21st Annual Energy Infrastructure CEO & Investor Conference
- Targa Resources price target raised to $128 from $123 at RBC Capital
- Targa Resources Emphasizes Commitment to Transparency
- Targa Resources reports Q1 adjusted EBITDA $966.2M vs. $940.6M last year