---
title: "BUZZ-Street View: Brokerages lift Targa Resources PT after earnings beat, stronger forecast"
description: "Targa Resourcesexceeded fourth-quarter profit estimates, driven by increased demand and transport volumes, leading to a 1.9% rise in shares to $228.38. Analysts are optimistic, with Raymond James rais"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276458040.md"
published_at: "2026-02-20T15:14:17.000Z"
---

# BUZZ-Street View: Brokerages lift Targa Resources PT after earnings beat, stronger forecast

> Targa Resourcesexceeded fourth-quarter profit estimates, driven by increased demand and transport volumes, leading to a 1.9% rise in shares to $228.38. Analysts are optimistic, with Raymond James raising the price target (PT) to $255, citing strong cash flow and dividend growth potential. Barclays increased its PT to $226, highlighting sustained volume growth and project execution. Stifel raised its PT to $243, noting reduced capex as major projects come online, allowing for potential shareholder returns through dividends and buybacks.

Pipeline operator Targa Resources (TRGP.N) beat fourth-quarter adjusted core profit estimates on Thursday, helped by stronger demand and higher natural gas and NGL transport volumes

Targa shares rise 1.9% to $228.38 in morning trading

### ANALYSTS BULLISH ON TARGA

Raymond James (“strong buy”) raises PT to $255 from $230, says company’s strong balance sheet and cash flow still support meaningful dividend growth, opportunistic buybacks, and potential select cash mergers and acquisitions

Barclays (“neutral”) raises PT to $226 from $191, says sustained inlet volume growth, strong commercial execution, and timely, on​-​budget delivery of projects should continue to support solid performance even amid a period of elevated spending

Brokerage Stifel (“Buy”) raises PT to $243 from $213, says capex should fall as some of its largest projects enter service in late 2027

Adds that this would allow the company to return cash to shareholders either through higher dividends or share repurchases, or more likely both

### Related Stocks

- [TPYP.US - Tortoise N Americ Pipe](https://longbridge.com/en/quote/TPYP.US.md)
- [OIH.US - VanEck Oil Services ETF](https://longbridge.com/en/quote/OIH.US.md)
- [EMLP.US - First Trust North American Energy Infra Fd](https://longbridge.com/en/quote/EMLP.US.md)
- [MLPA.US - Global X MLP](https://longbridge.com/en/quote/MLPA.US.md)
- [IEZ.US - iShares US Oil Equip & Svcs](https://longbridge.com/en/quote/IEZ.US.md)
- [TRGP.US - Targa Resources](https://longbridge.com/en/quote/TRGP.US.md)
- [AMLP.US - Alerian MLP](https://longbridge.com/en/quote/AMLP.US.md)
- [XOP.US - SPDR O&G Ex & Prd](https://longbridge.com/en/quote/XOP.US.md)
- [XES.US - SPDR O&G Equip](https://longbridge.com/en/quote/XES.US.md)
- [MLPX.US - GLOBAL X MLP & Energy Infra](https://longbridge.com/en/quote/MLPX.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| BUZZ-Pipeline operator Energy Transfer falls on Q4 profit miss | Shares of pipeline operator Energy Transferdown 1% at $18.55 premarketCo posts fourth-quarter adjusted profit of 25 cent | [Link](https://longbridge.com/en/news/276127540.md) |
| Canada's Obsidian Energy Q4 FFO drops due to lower production | Obsidian Energy reported a Q4 net loss, with Funds Flow from Operations dropping to C$272.1 million from C$432 million.  | [Link](https://longbridge.com/en/news/276331218.md) |
| Investors Buy High Volume of Call Options on ONEOK (NYSE:OKE) | ONEOK, Inc. (NYSE:OKE) experienced a significant increase in call options trading, with 20,939 options purchased, markin | [Link](https://longbridge.com/en/news/276161253.md) |
| Sunoco (SUN) Receives a Buy from Stifel Nicolaus | Stifel Nicolaus analyst Selman Akyol has maintained a Buy rating on Sunoco (SUN) with a price target of $64.00. Akyol, a | [Link](https://longbridge.com/en/news/276227598.md) |
| Aberdeen Group plc Sells 93,557 Shares of Williams Companies, Inc. (The) $WMB | Aberdeen Group plc reduced its stake in Williams Companies, Inc. by 5.2%, selling 93,557 shares in Q3, leaving it with 1 | [Link](https://longbridge.com/en/news/276042383.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
