Research Alert: CFRA Lifts Opinion On Shares Of Targa Resources Corp. To Hold From Sell
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CFRA has upgraded its opinion on Targa Resources Corp. (TRGP) from Sell to Hold, raising the 12-month target price to $280. This increase reflects a combination of relative valuation and DCF model analysis. The analysts project a 2026 EPS of $11.20 and a 2027 EPS of $11.65, noting that TRGP may outspend its cash flows in 2026 but is expected to stabilize in 2027.
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