Targa Resources Rally To Continue For A Little While, Vetr Crowd Says

Even after an 80.75 percent surge year-to-date, shares of Targa Resources Corp TRGP have still lost more than 48 percent of value in the last 18 months. However, it seems like this year’s rally has turned the Vetr crowd more bullish.

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Seeking to better reflect a price target of $50.00, which implies a potential return of 4.3 percent from current valuations, the Vetr crowd has upgraded its rating on shares of Targa Resources on Wednesday, from 3.0 Stars (Hold) to 3.5 Stars (Buy) – out of a possible 5 Stars rating.

It should be noted that, in accordance with the new score, 57 percent of the crowd’s ratings are bullish at the time.