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Fly News Breaks for January 25, 2017
TRGP
Jan 25, 2017 | 08:18 EDT
RBC Capital analyst TJ Schultz says that Targa Resources' acquisition of G&P and crude gathering assets in the Delaware/Midland Basins is positive. The analyst thinks that the structure of the deal mitigates financial risk, while the transaction "unlocks further synergies across current Permian assets." He raised his price target on the name to $67 from $61 and keeps an Outperform rating on the shares.
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