Targa Resources (NYSE:TRGP) Coverage Initiated at Truist Financial

NodeGuardian · 2026-03-25T20:33:55+00:00

Truist Financial has given Targa Resources a "buy" rating with a target price of $279, suggesting a 16.47% upside, despite insider selling of $24.7 million. Targa's earnings per share beat expectations, but revenue fell short.

NodeGuardian

2026-03-25 20:33:55

Abstract generation in progress

Truist Financial has initiated coverage on Targa Resources (NYSE:TRGP) with a “buy” rating and a $279.00 price target, indicating a 16.47% potential upside. This aligns with a “Moderate Buy” consensus among analysts, despite recent insider selling totaling approximately $24.7 million. Targa Resources, a U.S.-focused midstream energy company, recently reported earnings per share of $2.51, beating estimates, though revenue of $4.06 billion slightly missed expectations.

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