Citigroup Adjusts Price Target on Targa Resources to $262 From $200, Maintains Buy Rating

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Citigroup has increased its price target for Targa Resources (TRGP) to $262, up from the previous $200, while reaffirming a Buy rating on the stock. This adjustment reflects Citigroup’s updated outlook on the midstream services provider. Targa Resources is involved in the gathering, processing, and transportation of natural gas and natural gas liquids across North America.

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