Seaport Research raised the firm’s price target on Targa Resources to $95 from $94 and keeps a Buy rating on the shares. While the company’s near-term results will weaker versus consensus expectations, the longer term free cash flow growth story remains solid, the analyst tells investors in a research note. Targa’s 2024 volume and cash flow growth should be positively impacted by volume growth in the Permian basin, says the firm.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TRGP:
- Targa Resources Corp. to Participate in U.S. Capital Advisors Midstream Corporate Access Day
- Targa Resources to recommend to board increasing dividend to 75c per share
- Targa Resources Corp. Announces Quarterly Dividend and Timing of Fourth Quarter 2023 Earnings Webcast
- Targa Resources price target raised to $105 from $94 at Barclays
- Targa Resources price target lowered to $104 from $105 at Citi
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue