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Fly News Breaks for August 15, 2017
TRGP
Aug 15, 2017 | 07:01 EDT
Guggenheim analyst Matthew Phillips upgraded Targa Resources to Buy with a $50 price target to reflect the recent Permian valuation reset making risk/reward more attractive. The analyst believes 2017 weakness in the downstream NGL segment is fully priced into share and thinks rising 2017 NGL prices reduces the risk of 2018 consensus estimates coming down materially.
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