Targa Resources Partners LP Rating Lowered to Neutral at Credit Suisse (NGLS)
Targa Resources Partners LP (NYSE:NGLS) was downgraded by research analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a report released on Friday, Analyst Ratings.Net reports.
Shares of Targa Resources Partners LP (NYSE:NGLS) traded down 0.12% on Friday, hitting $50.79. 513,183 shares of the company’s stock traded hands. Targa Resources Partners LP has a one year low of $34.39 and a one year high of $54.13. The stock has a 50-day moving average of $49.40 and a 200-day moving average of $48.35. The company has a market cap of $5.388 billion and a price-to-earnings ratio of 131.06.
A number of other analysts have also recently weighed in on NGLS. Analysts at JPMorgan Chase & Co. raised their price target on shares of Targa Resources Partners LP (NYSE:NGLS) from $52.00 to $57.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Analysts at Jefferies Group initiated coverage on shares of Targa Resources Partners LP (NYSE:NGLS) in a research note to investors on Wednesday, September 4th. They set a “buy” rating on the stock.
Targa Resources Partners LP is a limited partnership formed by Targa Resources, Inc, to own, operate, acquire and develop a portfolio of midstream energy assets.
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