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Fly News Breaks for October 6, 2015
NGLS, TRGP
Oct 6, 2015 | 07:15 EDT
UBS lowered its price target on both Targa Resources (TRGP) and Targa Resources Partners (NGLS) after the company lowered guidance. The firm noted Q3 guidance was above UBS estimates but 2016 guidance was lower. UBS lowered its price target on Targa Resources to $78 from $84 and on Targa Resources Partners to $42 from $47. UBS maintained Buy ratings on the shares of both.
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