Citi Upgrades Targa Resources Partners LP (NGLS) to Buy
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Citi upgrades Targa Resources Partners LP (Nasdaq: NGLS) from Hold to Buy. Price target $27.
Citi analyst says, "We are upgrading Targa Resource Partners to Buy/High Risk from Hold/High Risk previously. In our view, the partnership’s above-average growth, high current yield, virtually no need for equity in the near-term, and strong insider buying activity provide investors with a nearperfect opportunity to build positions in the partnership’s units."
Targa Resources Partners LP (Targa) is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States, to own, operate, acquire and develop a diversified portfolio of complementary midstream energy assets.
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