Wells Fargo analyst Michael Blum maintained a Buy rating on Targa Resources Corp (TRGP) today. The company’s shares opened today at $42.03.
According to TipRanks.com, Blum is a 4-star analyst with an average return of 9.6% and a 61.8% success rate. Blum covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Dcp Midstream Partners Lp, and Phillips 66 Partners.
Targa Resources Corp has an analyst consensus of Strong Buy, with a price target consensus of $53.36, implying a 27.0% upside from current levels. In a report issued on February 19, UBS also maintained a Buy rating on the stock with a $67 price target.
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The company has a one-year high of $59.21 and a one-year low of $33.55. Currently, Targa Resources Corp has an average volume of 2.89M.
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Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil and storing, terminaling, and selling refined petroleum products. It operates through the following segments: Gathering and Processing, and Logistics and Marketing.
