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Stock impact report

Citi Maintains Buy Rating on Targa Resources Corp. (TRGP) [Yahoo! Finance]

Targa Resources, Inc. (TRGP) 
US:NYSE Investor Relations: ir.targaresources.com/trc/events.cfm
Company Research Source: Yahoo! Finance
Targa Resources Corp. (NYSE: TRGP ) is one of the 13 best oil and gas storage stocks to buy according to hedge funds On February 24, Citi analyst Spiro Dounis increased the firm's price target for Targa Resources Corp. (NYSE:TRGP) from $200 to $262, resulting in a double-digit upside potential of more than 13%. The analyst also maintained his Buy rating on the stock. Citi Maintains Buy Rating on Targa Resources Corp. (TRGP) Dounis' revision is based on Citi's adjustments to its valuation framework. The firm has assigned a higher earnings multiple, reflecting confidence in stronger growth prospects beginning in 2027. The adjustment comes after the company outlined approximately $4.5 billion in planned 2026 growth capital expenditures, a figure that exceeded the firm's earlier projections by more than $1 billion. On February 24, Scotiabank maintained its Outperform rating on Targa Resources Corp. (NYSE:TRGP) and also increased the price target from $224 to $246. The revision wa Show less Read more
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