Jefferies Initiates Targa Resources With Buy Rating

Targa Resources gets Buy rating with $314 price target Targa Resources received a Buy rating from Jefferies, citing best-in-class midstream growth. The company's adjusted EBITDA compound annual growth rate is 11.2%, outpacing the liquids group average. Targa Reso

Targa Resources gets Buy rating with $314 price target

Targa Resources received a Buy rating from Jefferies, citing best-in-class midstream growth.

The company’s adjusted EBITDA compound annual growth rate is 11.2%, outpacing the liquids group average.

Targa Resources’ stock was down 0.8% in Thursday’s trading despite the positive rating.

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