UBS Maintains Buy on Targa Resources, Lowers Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Shneur Gershuni has maintained a Buy rating on Targa Resources (NYSE:TRGP) but has reduced the price target from $116 to $109.

December 14, 2023 | 4:50 pm
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NEUTRAL IMPACT
UBS maintains a Buy rating on Targa Resources but lowers the price target from $116 to $109.
While the reduction in price target could suggest a slightly less optimistic outlook on the stock's valuation, the maintenance of a Buy rating indicates that UBS still sees upside potential. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the positive and the negative aspects of the update.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100