Scotiabank analyst Tristan Richardson raised the firm’s price target on Targa Resources to $142 from $128 and keeps an Outperform rating on the shares. The firm expects a solid quarter from the company on broader Permian growth sequentially, the analyst tells investors. Further, the firm believes there is room for a modest increase to the FY24 outlook and for management to offer directional comments on FY25 vs FY24.
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