TD Cowen raises Targa Resources target to $270
TD Cowen analyst Jason Gabelman maintained a Hold rating on Targa Resources and raised the price target to $270 from $245. Separately, Truist Securities analyst Gabe Daoud maintained a Buy rating with a higher price target of $312, up from $289.
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TD Cowen analyst Jason Gabelman has maintained a Hold rating on Targa Resources (NYSE: TRGP) and raised the price target to $270 from $245. This adjustment follows a separate revision by Truist Securities, which maintained a Buy rating and set a higher target of $312.
The revised targets from both firms reflect updated assessments of Targa Resources' valuation and market performance. While TD Cowen adopts a more cautious stance with a Hold rating, Truist Securities retains a positive outlook on the stock.
Key Rating Details
| Firm | Rating | Previous Price Target | New Price Target |
|---|---|---|---|
| TD Cowen | Hold | $245 | $270 |
| Truist Securities | Buy | $289 | $312 |
What specific valuation metrics or market conditions drove TD Cowen to raise the price target while maintaining a Hold rating?
How might the divergence in ratings between TD Cowen and Truist Securities influence investor sentiment toward Targa Resources?
What upcoming catalysts or earnings reports could further validate or challenge these revised price targets?
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