Navigating 7 Analyst Ratings For Targa Resources
Portfolio Pulse from Benzinga Insights
Analysts have shown a positive shift in sentiment towards Targa Resources (NYSE:TRGP) with several raising their price targets. The average 12-month price target has increased by 12.41% to $154.0. Despite positive revenue growth, Targa faces challenges with net margin and debt management.
October 15, 2024 | 7:00 pm
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Analysts have raised their price targets for Targa Resources, indicating a positive outlook. The average target increased by 12.41% to $154.0. However, the company faces challenges with net margin and high debt-to-equity ratio.
The increase in analyst price targets and the positive sentiment shift suggest a likely short-term price increase for TRGP. However, the company's financial challenges, such as low net margin and high debt, may temper long-term optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100