Information Provided By:
Fly News Breaks for November 4, 2015
TRGP
Nov 4, 2015 | 08:04 EDT
After Targa sank 13% yesterday, RBC Capital says that the market appears to be penalizing the company for potentially stagnating growth in low-case commodities. However, the firm expects commodity prices to rebound through 2018 and thinks that Targa's consolidation leaves it better positioned to capitalize on this trend. The firm cut its price target on the name to $69 from $90 but keeps an Outperform rating on the shares.
News For TRGP From the Last 2 Days
There are no results for your query TRGP