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Fly News Breaks for April 16, 2019
TRGP
Apr 16, 2019 | 09:25 EDT
As previously reported, Raymond James downgraded Targa Resources to Outperform from Strong Buy and lowered its price target to $48 from $51. Analyst Justin Jenkins expects a weak Q1 due to a worsening risk profile before solid second half 2019 growth. Also, the analyst believes the NGL markets will be somewhat oversupplied in 2020 and beyond.
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