---
title: "Research Alert: CFRA Lifts Opinion On Shares Of Targa Resources Corp. To Hold From Sell"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286598716.md"
description: "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."
datetime: "2026-05-15T17:20:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286598716.md)
  - [en](https://longbridge.com/en/news/286598716.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286598716.md)
---

# Research Alert: CFRA Lifts Opinion On Shares Of Targa Resources Corp. To Hold From Sell

01:20 PM EDT, 05/15/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target price of $280 (raised by $73) reflects a combination of relative valuation and a DCF model analysis. On a relative basis, we apply a 12.5x multiple of enterprise value to projected 2027 EBITDA. The applied multiple is a premium to TRGP's historical forward average, but below its peak multiple over the last five years. While we had previously argued for an in-line multiple, we think the advent of constrained supplies out of the Middle East likely places a premium on others with the ability to help transport both LNG and NGLs to U.S. export terminals. On this basis, we find a value of $275 per share. Meanwhile, our DCF model, using a medium-term free cash flow growth rate of 8.3% per year and 2.5% thereafter, discounted at a WACC of 5.2%, yields a value of $285 per share. We raise our 2026 EPS estimate by $1.16 to $11.20 and 2027's by $0.20 to $11.65. We think TRGP is likely to outspend its cash flows in 2026 but will likely revert to a margin of safety in 2027.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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