Citigroup Maintains Buy on Targa Resources, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Spiro Dounis maintains a Buy rating on Targa Resources (NYSE:TRGP) and raises the price target from $95 to $100.
August 09, 2023 | 4:30 pm
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POSITIVE IMPACT
Citigroup's analyst Spiro Dounis maintains a Buy rating on Targa Resources and raises the price target, reflecting positively on Citigroup's market analysis capabilities.
The news reflects positively on Citigroup's market analysis capabilities. However, as it's an analyst's action, the direct impact on Citigroup's stock might be limited.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Citigroup maintains a Buy rating on Targa Resources and raises the price target from $95 to $100, which could lead to a positive market reaction.
The raised price target by Citigroup indicates a positive outlook for Targa Resources. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100