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Targa Resources price target raised to $262 from $200 at Citi
Citi analyst Spiro Dounis raised the firm’s price target on Targa Resources (TRGP) to $262 from $200 and keeps a Buy rating on the shares. The firm applies a higher multiple to reflect accelerated growth in 2027 and later after the company pointed to $4.5B of 2026 growth capex, which Citi says is over $1B higher than expected.
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- Targa Resources price target raised to $220 from $192 at TD Cowen
- Balanced Risk-Reward Amid Growth Upside and Valuation Concerns Justifies Hold Rating on Targa
- Targa Resources Signals Robust Growth in Earnings Call
- Targa Resources price target raised to $242 from $196 at Goldman Sachs
- Targa Resources price target raised to $243 from $213 at Stifel
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