Truist initiates Targa Resources stock coverage with buy rating

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Wall Street averages end more than 1% higher on Middle East de-escalation hopes Trump delays strikes on Iranian power plants, says talks with Tehran "very good" Gold prices off session lows after Trump touts ’productive’ Iran talks Brent slides below $100 after Trump says oil prices to ’drop like a rock’ (South Africa Philippines Nigeria) Truist initiates Targa Resources stock coverage with buy rating By Analyst Ratings Published 03/23/2026, 05:26 PM Truist initiates Targa Resources stock coverage with buy rating 0 TRGP 1.11% Investing.com - Truist Securities initiated coverage on Targa Resources Corp. (NYSE:TRGP) with a buy rating and set a price target of $279.00, the firm said Monday. The stock currently trades at $240.04, representing potential upside of 16% to the analyst’s target. The price target represents a 50/50 weighting of the firm’s sum-of-the-parts and discounted cash flow valuation approach. Truist described Targa Resources as the preeminent Permian gathering and processing provider benefitting from relationships with some of the largest exploration and production operators in the Permian basin. The firm expects the company to deliver peer-leading EBITDA growth. Truist also projects significantly expanding free cash flow in 2027 and beyond. In other recent news, Targa Resources has been the focus of several analyst updates and financial developments. RBC Capital raised its price target for Targa Resources to $260 from $218 following the company’s fourth-quarter 2025 results, maintaining an Outperform rating. Similarly, Wolfe Research increased its price target to $265 from $255, also holding an Outperform rating, citing confidence in the company’s growth outlook and competitive advantages. Scotiabank adjusted its price target to $246 from $224, maintaining a Sector Outperform rating, driven by positive midstream earnings updates and a constructive outlook on natural gas demand. Additionally, St...