BofA reinstated coverage of Targa Resources with a Buy rating and $182 price target The company is levered to Permian growth and has historically grown 2%-3% faster than Permian NGLs overall, the analyst tells investors. 6%-plus NGL growth is seen in the Permian, so 8% NGL growth for Targa is baked into 2025/26 consensus, the analyst noted.
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