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Fly News Breaks for January 8, 2019
TRGP
Jan 8, 2019 | 07:01 EDT
JPMorgan analyst Jeremy Tonet upgraded Targa Resources to Overweight while lowering his price target for the shares to $54 from $59. The analyst says that among his coverage universe, Targa possesses the greatest Permian NGL leverage, which he views as one of the most attractive themes. He also believes Targa Resources will be able to monetize a portion of the Badlands to provide the "main bridging item as EBITDA materially ramps over the next several years."
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