Targa Resources Corp. Rating Lowered to Neutral at Robert W. Baird (TRGP)
Targa Resources Corp. (NASDAQ:TRGP) was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $79.00 price objective on the stock. Robert W. Baird’s price target points to a potential upside of 6.15% from the stock’s previous close.
TRGP has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Targa Resources Corp. from $76.00 to $90.00 in a research note to investors on Wednesday, September 25th. They now have an “overweight” rating on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Targa Resources Corp. in a research note to investors on Wednesday, September 4th. They set a “buy” rating and a $85.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Targa Resources Corp. from $79.00 to $84.00 in a research note to investors on Tuesday, August 6th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Targa Resources Corp. has a consensus rating of “Buy” and an average target price of $77.50.
Shares of Targa Resources Corp. (NASDAQ:TRGP) traded down 0.21% during mid-day trading on Thursday, hitting $74.26. 79,791 shares of the company’s stock traded hands. Targa Resources Corp. has a 52 week low of $45.74 and a 52 week high of $75.05. The stock has a 50-day moving average of $72.26 and a 200-day moving average of $68.29. The company has a market cap of $3.144 billion and a price-to-earnings ratio of 65.28.
Targa Resources Corp. (NASDAQ:TRGP) forms the Partnership to own, operate, acquire and develop a diversified portfolio of complementary midstream energy assets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.