Barclays PLC upgraded shares of Targa Resources Partners LP (NYSE:NGLS) from an equal weight rating to an overweight rating in a report released on Tuesday. The firm currently has $55.00 target price on the stock, up from their prior target price of $47.00.
Other analysts also recently issued research reports about the company. Stifel Nicolaus upgraded Targa Resources Partners from a hold rating to a buy rating and set a $43.00 price objective on the stock in a report on Thursday, August 4th. Goldman Sachs Group Inc. upgraded Targa Resources Partners from a neutral rating to a buy rating and boosted their price objective for the stock from $41.00 to $52.00 in a report on Monday, September 19th. Finally, Wunderlich restated a hold rating and set a $45.00 price objective (up previously from $44.00) on shares of Targa Resources Partners in a report on Wednesday, August 31st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $41.89.
A hedge fund recently bought a new stake in Targa Resources Partners stock. Janney Montgomery Scott LLC purchased a new stake in shares of Targa Resources Partners LP (NYSE:NGLS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,065 shares of the company’s stock, valued at approximately $249,000.
About Targa Resources Partners
Targa Resources Partners LP is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States with a presence in crude oil gathering and petroleum terminaling. The Company is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling NGLs and NGL products, including services to liquefied petroleum gas (LPG) exporters; gathering, storing and terminaling crude oil, and storing, terminaling and selling refined petroleum products.
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