Morgan Stanley Maintains Overweight on Targa Resources, Lowers Price Target to $106
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Robert Kad maintains an Overweight rating on Targa Resources (NYSE:TRGP) but lowers the price target from $108 to $106.
July 20, 2023 | 1:38 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Overweight rating on Targa Resources but lowers the price target from $108 to $106.
The news is directly related to Targa Resources. While the Overweight rating indicates a positive outlook, the lowering of the price target might have a neutral to slightly negative impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100