Wells Fargo analyst Michael Blum raised the firm’s price target on Targa Resources to $94 from $89 and keeps an Overweight rating on the shares. The analyst cites the Q4 beat, and notes 2023 EBITDA and capex guidance were also above its estimates. Targa will raise the dividend by 43% in Q1 2023, which was above Wells’ forecast.
Published first on TheFly
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