Credit Suisse Starts Targa Resources (TRGP) at Neutral
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Price: $273.35 +0.12%
Rating Summary:
23 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 14 | Down: 11 | New: 17
Rating Summary:
23 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 14 | Down: 11 | New: 17
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Before the open, Credit Suisse initiated coverage on Targa Resources (NYSE: TRGP) with a Neutral rating and $34 price target, suggesting 4% upside.
The firm notes, "TRGP owns the general partner (GP) of NGLS and is a leveraged way to invest in NGLS's growth. TRGP's dividend is poised for rapid growth (19.3% 3-year CAGR); however, we think this growth is reflected in the current price, as evidenced by its 3.2% yield, lowest amongst its GP peers."
For more ratings news on Targa Resources click here and for the rating history of Targa Resources click here.
Shares of Targa Resources closed at $34.45 yesterday.
The firm notes, "TRGP owns the general partner (GP) of NGLS and is a leveraged way to invest in NGLS's growth. TRGP's dividend is poised for rapid growth (19.3% 3-year CAGR); however, we think this growth is reflected in the current price, as evidenced by its 3.2% yield, lowest amongst its GP peers."
For more ratings news on Targa Resources click here and for the rating history of Targa Resources click here.
Shares of Targa Resources closed at $34.45 yesterday.
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