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Fly News Breaks for August 20, 2015
NGLS, TRGP
Aug 20, 2015 | 08:19 EDT
Jefferies analyst Christopher Sighinolfi downgraded Targa Resources Corp.(TRGP) to Underperform from Hold and cut his price target for shares to $59. Targa is likely to halt its dividend growth as Targa Resources Partners (NGLS) is unlikely to cover its current payout in 2016, Sighinolfi tells investors. Downside risk remains for shares of Targa Resources Corp. even with the stock declining 31% year-to-date, the analyst contends.
News For TRGP;NGLS From the Last 2 Days
