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TRGP

Targa Resources

$42.65

1.63 (3.97%)

08:40
01/09/19
01/09
08:40
01/09/19
08:40

Targa Resources upgraded to Outperform at Credit Suisse on funding outlook

As previously reported, Credit Suisse analyst Spiro Dounis upgraded Targa Resources to Outperform from Neutral, with a $60 price target, as he expects the company can fund growth without heavy reliance on the At-The-Market program, and given the recent selloff across the midstream space that has created additional upside potential as the stock has fallen almost 30% since peaking in Q4. Further, the analyst notes that Targa Resources is on pace for a cash flow inflection thanks to peer leading EBITDA growth at about 17% CAGR through 2022.

TRGP Targa Resources
$42.65

1.63 (3.97%)

11/29/18
SBSH
11/29/18
DOWNGRADE
Target $45
SBSH
Neutral
Targa Resources downgraded to Neutral from Buy at Citi
Citi analyst Timm Schneider downgraded Targa Resources to Neutral and lowered his price target for the shares to $45 from $56. The analyst says that while he continues to view the company's assets in a favorable light, his updated sector views based on the importance of return on invested capital drive the downgrade. Targa's "lackluster" returns on capital negate strong growth given the high investment ratio, Schneider tells investors in a research note.
12/20/18
JEFF
12/20/18
UPGRADE
Target $51
JEFF
Buy
Targa Resources upgraded to Buy from Hold at Jefferies
Jefferies analyst Christopher Sighinolfi upgraded Targa Resources to Buy while lowering his price target for the shares to $51 from $59. The analyst finds the Midstream & Refining attractive citing "simplified structures, reduced leverage, minimal equity need, and continued growth." U.S. Midstream and Refining equities are approaching year-end at multi-year lows with valuation multiples 15%-30% below three-year averages, Sighinolfi tells investors in a research note titled "Hey Nineteen, That's Real Opportunity." The analyst sees "supportive" 2019-2020 fundamentals and believes investors will find value in the sector. As such, he upgraded 10 names in the space.
01/08/19
JPMS
01/08/19
UPGRADE
Target $54
JPMS
Overweight
Targa Resources upgraded to Overweight from Neutral at JPMorgan
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."
01/09/19
FBCO
01/09/19
UPGRADE
FBCO
Outperform
Targa Resources upgraded to Outperform from Neutral at Credit Suisse

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NYSE Market Internals

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SN

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MGLN

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MGLN

Magellan Health

$65.33

0.28 (0.43%)

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WIX

Wix.com

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-13.92 (-11.07%)

11:05
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Downgrade
Wix.com rating change  »

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TKC

Turkcell

$6.97

0.06 (0.87%)

11:02
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Earnings
Turkcell reports FY net income 2.02B liras, consensus 1.93B liras »

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VIA

Viacom

$34.98

0.13 (0.37%)

, VIAB

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HRL

Hormel Foods

$42.86

-0.45 (-1.04%)

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Options
Put buyers gobble up positions in Hormel Foods ahead of earnings »

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WIX

Wix.com

$112.09

-13.61 (-10.83%)

10:56
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Downgrade
Wix.com rating change  »

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SJM

J.M. Smucker

$106.49

2.47 (2.37%)

10:54
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Earnings
J.M. Smucker issues preliminary FY20 adjusted EPS growth outlook of 3%-4% »

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SJM

J.M. Smucker

$106.08

2.06 (1.98%)

10:52
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ETM

Entercom

$7.73

0.22 (2.93%)

10:50
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Options
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SJM

J.M. Smucker

$106.00

1.98 (1.90%)

10:48
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Earnings
J.M. Smucker repeats FY19 adjusted EPS view of $8.00-$8.20, consensus $8.01 »

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TGEN

Tecogen

$3.84

(0.00%)

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TKC

Turkcell

$6.97

0.06 (0.87%)

10:47
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HON

Honeywell

$153.66

0.39 (0.25%)

10:43
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HON

Honeywell

$153.66

0.39 (0.25%)

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FITB

Fifth Third

$27.49

-0.025 (-0.09%)

10:40
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Conference/Events
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KO

Coca-Cola

$44.99

0.17 (0.38%)

10:30
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