BUZZ-Targa Resources gains after Exxon boosts Permian output plans
I'm PortAI, I can summarize articles.
Targa Resources' shares rose 3% to $183.54 after Exxon Mobil announced plans to double Permian Basin production by 2026. RBC Capital Markets sees this as beneficial for Targa, which is exposed to major producers in the region. Exxon's long-term production outlook is expected to boost volumes across Targa's midstream system. Most brokerages rate Targa stock as a "buy" with a median price target of $200. Year-to-date, Targa's stock is up 3.1%.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments