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Fly News Breaks for June 12, 2018
TRGP
Jun 12, 2018 | 07:23 EDT
Barclays analyst Christine Cho downgraded Targa Resources to Equal Weight and lowered her price target for the shares to $52 from $57. The analyst reduced the company's Permian growth rate from 25% to 12% in 2019. Natural gas takeaway constraints and limitations on flaring may likely force a slowdown of completions, posing a risk to inlet volumes in the region, Cho tells investors in a research note.
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