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Fly News Breaks for October 25, 2018
TRGP
Oct 25, 2018 | 07:53 EDT
As previously reported, BofA/Merrill downgraded Targa Resources to Buy from Neutral and raised its price target to $47 from $49. Analyst Dennis Coleman expects Q3 earnings scheduled for November 8 have risk to the upside driven by continued 1H 2018 momentum and higher than expected G&P volumes. Coleman said Targa continues to execute on growth projects and risk/reward is "heavily" skewed to the upside.
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