Wells Fargo has decided to maintain its Overweight rating of Targa Resources TRGP and lower its price target from $86.00 to $83.00.
Shares of Targa Resources are trading up 0.45% over the last 24 hours, at $69.22 per share.
A move to $83.00 would account for a 19.91% increase from the current share price.
About Targa Resources
Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has 840,000 barrels a day of gross fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline recently entered full service.
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