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truist securities raises targa resources price target amid strong growth outlook

Truist Securities has raised its price target for Targa Resources to $235 from $220, maintaining a Buy rating, citing confidence in the company's expansion projects that are expected to enhance gas processing and NGL transportation capacities. Targa's stock has surged 86.86% over the past year, with a recent 8.5% gain, and analysts forecast EPS to reach $8.48 in FY2025. Additionally, Targa has appointed Jennifer R. Kneale as President, effective March 2025, signaling a strategic focus on growth and financial stability.
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