BMO Capital analyst Ameet Thakkar raised the firm’s price target on Targa Resources (TRGP) to $196 from $185 and keeps an Outperform rating on the shares. The company’s Q3 results demonstrate its resilience to lower rig counts and oil prices, the analyst tells investors in a research note. Comments expecting FY26 double-digit volumetric growth and confidence in FY27 may also help improve investor sentiment despite crude/NGL pricing, the firm added.
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