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Fly News Breaks for January 31, 2017
TRGP
Jan 31, 2017 | 08:09 EDT
Baird analyst Ethan Bellamy raised his price target on Targa Resources to $65 from $55 to reflect is Outrigger acquisition. The analyst said the lack of transparency around the acquisition frustrates his conviction, but his model reflects its yield and puts its multiple in-line with peers. Bellamy reiterated his Outperform rating on Targa Resources shares.
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