Market Data
MarketsGoldman Sachs Raises its Price Target on Targa Resources Corp. (TRGP) to $242 and Maintains a Buy Rating
Key Takeaways
- 1Goldman Sachs raised TRGP's price target to $242.
- 2Goldman Sachs maintained a 'Buy' rating for TRGP.
- 3The news signals a positive outlook from a major financial institution for Targa Resources.
Goldman Sachs has reaffirmed its confidence in Targa Resources (TRGP) by elevating its price target to $242, while reiterating a 'Buy' rating. This analyst upgrade suggests Goldman Sachs anticipates significant upside for the midstream energy company. Investors should watch for operational updates, commodity price fluctuations, and overall energy sector sentiment, as these factors will be crucial in TRGP's ability to reach this new price target.
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