UBS Maintains Buy on Targa Resources, Lowers Price Target to $108
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 $109 to $108.

January 18, 2024 | 3:43 pm
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NEUTRAL IMPACT
UBS analyst Shneur Gershuni maintains a Buy rating on Targa Resources but lowers the price target from $109 to $108.
The reduction in price target by UBS is marginal, suggesting a minor adjustment in valuation rather than a significant change in the company's outlook. The maintenance of a Buy rating indicates a continued positive view on the stock, which could balance out the minor negative sentiment from the price target cut.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100