Morgan Stanley Maintains Overweight on Targa Resources, Raises Price Target to $114
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Robert Kad maintains an Overweight rating on Targa Resources (NYSE:TRGP) and raises the price target from $106 to $114.
August 29, 2023 | 1:18 pm
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POSITIVE IMPACT
Morgan Stanley maintains an Overweight rating on Targa Resources and raises the price target from $106 to $114, indicating a positive outlook for the stock.
The raised price target by Morgan Stanley indicates their belief in the strong performance of Targa Resources in the future. 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