JPMorgan Upgrades Targa Resources (TRGP) to Overweight

January 8, 2019 3:43 AM EST
Get Alerts TRGP Hot Sheet
Price: $42.52 -0.72%

Rating Summary:
    18 Buy, 11 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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JPMorgan analyst Jeremy Tonet upgraded Targa Resources (NYSE: TRGP) from Neutral to Overweight with a price target of $54.00 (from $59.00).

The analyst expects the company to benefit from increasing domestic NGL logistics need which he believes will remain "quite healthy" in light of lower commodity prices.

For an analyst ratings summary and ratings history on Targa Resources click here. For more ratings news on Targa Resources click here.

Shares of Targa Resources closed at $41.02 yesterday.



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