Morgan Stanley raised the firm’s price target on Targa Resources (TRGP) to $261 from $240 and keeps an Overweight rating on the shares. The firm adjusted estimates and targets following what it calls a “relatively in-line midstream and renewable infrastructure” Q3 earnings season that is now largely complete.
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Read More on TRGP:
- Targa Resources Announces $1.75 Billion Senior Notes Offering
- Targa Resources price target lowered to $213 from $216 at Stifel
- Targa Resources price target raised to $196 from $185 at BMO Capital
- Targa Resources: Strong Growth Prospects Amid Elevated Spending and Valuation Concerns Justify Hold Rating
- Targa Resources: Strong Q3 Performance and Strategic Expansion Drive Buy Rating