JP Morgan Maintains Overweight on Targa Resources, Raises Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeremy Tonet has maintained an Overweight rating on Targa Resources (NYSE:TRGP) and increased the price target from $122 to $125.
March 06, 2024 | 11:39 am
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JP Morgan analyst Jeremy Tonet has reaffirmed an Overweight rating on Targa Resources and raised the price target from $122 to $125.
The increase in the price target by a reputable analyst like Jeremy Tonet from JP Morgan is a strong positive signal for Targa Resources. It suggests a bullish outlook on the stock's future performance, likely leading to increased investor confidence and potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100