Reported 1 day ago
Argus Research has decreased its price target for Targa Resources Corp. (TRGP) from $250 to $190 while maintaining a Buy rating. The revision follows the company’s disappointing Q1 2025 results, where EPS fell short at $0.91 compared to expectations of $1.98, and revenue was below forecasts. Despite this, Targa is anticipated to exceed its EBITDA guidance due to strong production in the Permian basin, and it has increased its dividend and engaged in share repurchases.
Source: YAHOO