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Fly News Breaks for January 12, 2017
TRGP
Jan 12, 2017 | 08:52 EDT
As previously reported, Raymond James upgraded Targa Resources to Outperform from Market Perform and established a $62 price target. Analyst Darren Horowitz said Targa has visible growth plans and leverage to some of the most relevant investor themes of the coming year, improved NGL pricing, increased ethane recoveries, Permian and potential SCOOP/STACK exposure, and potential positive changes to C-Corp. taxation, there should be tailwinds for both cash flow growth and the equity itself in 2017.
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