Goldman Sachs Reinstates Buy on Targa Resources, Announces $101 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst John Mackay has reinstated Targa Resources (NYSE:TRGP) with a Buy rating and announced a price target of $101.
October 06, 2023 | 10:42 am
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Goldman Sachs has reinstated Targa Resources with a Buy rating and a price target of $101, which could positively impact the company's stock.
Analyst ratings and price targets can significantly influence a company's stock price. In this case, Goldman Sachs, a highly influential financial institution, has reinstated Targa Resources with a Buy rating and set a price target of $101. This suggests that they believe the company's stock is undervalued and has the potential to reach or exceed this price target. As a result, this news could lead to increased investor confidence and demand for TRGP stock, potentially driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100