Wells Fargo Analyst Reiterates Buy Rating on Targa Resources, TRGP
Michael Blum analyst at Wells Fargo reiterates coverage on Targa Resources (TRGP) in the Utilities sector with a Buy rating. TipRanks.com has Blum rated as a 4.6 star analyst with a 64% return on investment and a 14.6% success rate. Blum has set a price target of $ 82.
TipRanks.com reports that Targa Resources currently has 16 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $76.50. The target pricing ranges from a high forecast of $90.00 down to a low forecast of $62.00. Targa Resources (TRGP)’s last closing price was $71.99 which would put the average price target at 6.26% upside.
In addition, TradingView issued a Buy rating for TRGP over the next month, Barchart.com has a Strong buy rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on TRGP.
Other analysts covering TRGP include:
- Gabe Moreen of Mizuho Securities issued a Buy rating with the price target of $ 85 on 5 days ago
- Jeremy Tonet of J.P. Morgan issued a Buy rating with the price target of $ 90 on 1 week ago
- Spiro M. Dounis of Credit Suisse issued a Buy rating with the price target of $ 81 on 2 weeks ago
- Tristan Richardson of Truist Financial issued a Buy rating with the price target of $ 78 on 3 weeks ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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