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TRGP

Targa Resources

$33.53

-2.03 (-5.71%)

07:14
08/15/19
08/15
07:14
08/15/19
07:14

Targa Resources price target lowered to $44 from $49 at Credit Suisse

Credit Suisse analyst Spiro Dounis lowered his price target for Targa Resources to $44 from $49, while reiterating an Outperform rating on the shares. The analyst sees mitigated downside for the remainder of 2019 as Targa is now 80%-90% hedged and has materially reduced its commodity exposure. That said, 2020 is largely un-hedged and commodities likely remain weak, presenting a risk into next year, he contends.

TRGP Targa Resources
$33.53

-2.03 (-5.71%)

04/24/19
04/24/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Frontdoor (FTDR) initiated with a Buy at Goldman Sachs. 2. Children's Place (PLCE) initiated with a Buy at DA Davidson. 3. Targa Resources (TRGP) resumed with an In Line at Evercore ISI. 4. Polaris Industries (PII) initiated with a Buy at Goldman Sachs, while BRP Inc. (DOOO) was initiated with a Neutral. 5. Twin River Worldwide (TRWH) initiated with a Buy at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/03/19
RHCO
06/03/19
UPGRADE
Target $48
RHCO
Buy
Targa Resources upgraded to Buy from Hold at SunTrust
SunTrust analyst Tristan Richardson upgraded Targa Resources to Buy from Hold with a $48 price target.
06/03/19
06/03/19
UPGRADE
Target $48

Buy
Targa Resources upgraded to Buy at SunTrust on earnings growth acceleration
As previously reported, SunTrust analyst Tristan Richardson upgraded Targa Resources to Buy from Hold with an unchanged $48 price target. The analyst cites the company's recent focus on more disciplined capex control while emphasizing a greater "balance between capital allocation and cash flows". Richardson also sees Targa Resources approaching "earnings growth acceleration" because of that strategy and believes that the company can generate one of the highest cash flows per share growth in the Midstream energy sector.
08/09/19
RBCM
08/09/19
NO CHANGE
Target $51
RBCM
Outperform
Targa Resources price target lowered to $51 from $60 at RBC Capital
RBC Capital analyst TJ Schultz lowered his price target on Targa Resources to $51, saying that while its Q2 results beat expectations, there is now less visibility for volume trends beyond 2020 amid the volatile commodity backdrop. The analyst still keeps his Outperform rating on Targa Resources stock based on its "solid value" at current levels.

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