The increase in the average 12-month price target to $115.78, up 9.11% from the previous target, suggests a positive outlook from analysts despite Targa Resources' financial challenges. The company's strong ROE of 10.68% and the recent upgrades in price targets by analysts from reputable firms like Goldman Sachs and JP Morgan further support this positive sentiment. However, the company's -6.92% revenue decline and high debt-to-equity ratio of 4.75 present significant challenges, making the positive analyst ratings and price target updates particularly noteworthy.