Analyst Scoreboard: 4 Ratings For Targa Resources
Portfolio Pulse from Benzinga Insights
Targa Resources (NYSE:TRGP) received mixed analyst ratings with an updated average 12-month price target of $108.5, reflecting a 2.6% increase from the previous target. Analysts from Citigroup, UBS, and Barclays adjusted their ratings and price targets, indicating varying perspectives on the company's performance and market position. Despite facing revenue challenges and a high debt-to-equity ratio, Targa Resources exhibits strong ROE and operates significant assets in key energy plays.
February 21, 2024 | 5:00 pm
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Targa Resources received mixed analyst ratings, with an updated average 12-month price target of $108.5, indicating a positive outlook from analysts despite some operational challenges.
The mixed analyst ratings with an upward revision in the 12-month price target suggest a cautiously optimistic outlook for Targa Resources. The adjustments in ratings and price targets by analysts from Citigroup, UBS, and Barclays highlight the company's potential to navigate its revenue challenges and high debt levels while leveraging its strong ROE and significant operational assets. The positive adjustment in the average price target, despite operational and financial challenges, indicates analysts' belief in the company's resilience and growth potential.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100