Stifel Maintains Buy on Targa Resources, Raises Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Selman Akyol has maintained a Buy rating on Targa Resources (TRGP) and increased the price target from $111 to $130, indicating a positive outlook on the company's stock.
April 16, 2024 | 12:37 pm
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Stifel analyst Selman Akyol reaffirms a Buy rating on Targa Resources and raises the price target to $130, signaling confidence in the company's future performance.
The increase in price target by Stifel reflects a strong vote of confidence in Targa Resources' stock, likely due to positive performance indicators or growth prospects. This analyst action can positively influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100