Targa Resources price target raised to $196 from $185 at BMO Capital

BMO Capital analyst Ameet Thakkar raised the firm’s price target on Targa Resources (TRGP) to $196 from $185 and keeps an Outperform rating on the shares. The company’s Q3 results demonstrate its resilience to lower rig counts and oil prices, the analyst tells investors in a research note. Comments expecting FY26 double-digit volumetric growth and confidence in FY27 may also help improve investor sentiment despite crude/NGL pricing, the firm added.

Meet Your ETF AI Analyst

Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on TRGP:

Disclaimer & DisclosureReport an Issue

Targa Resources: Strong Growth Prospects Amid Elevated Spending and Valuation Concerns Justify Hold Rating Targa Resources: Strong Q3 Performance and Strategic Expansion Drive Buy Rating Targa Resources Reports Record Q3 2025 Results Targa Resources Corp. Earnings Call Highlights Growth and Optimism Targa Resources to recommend the board to increase dividend 25% to $5.00

View Comments