Truist raised the firm’s price target on Targa Resources (TRGP) to $225 from $175 and keeps a Buy rating on the shares. The company continues to fire on all cylinders driving toward a material 2025 free cash flow generation inflection point, with free cash flow next year potentially as much as 10-times more than this year, the analyst tells investors in a research note.
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Read More on TRGP:
- Targa Resources director Chung sells 18,037 common shares
- Targa Resources price target raised to $199 from $172 at RBC Capital
- Targa Resources price target raised to $190 from $153 at Wells Fargo
- Targa Resources Reports Strong Q3 2024 Results
- Targa Resources price target raised to $175 from $150 at Truist
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