Targa Resources Corp (TRGP) is Reiterated by Wunderlich to Hold, Raises Price Target to $ 45

Targa Resources Corp (TRGP) was Reiterated by Wunderlich to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 45 from a previous price target of $44 . Wunderlich advised their investors in a research report released on Aug 31, 2016.

Many Wall Street Analysts have commented on Targa Resources Corp. Stifel Upgraded Targa Resources Corp on Aug 4, 2016 to ” Buy”, Price Target of the shares are set at $43.Targa Resources Corp was Downgraded by Jefferies to ” Hold” on Jun 8, 2016.

Targa Resources Corp opened for trading at $43.26 and hit $44.125 on the upside on Monday, eventually ending the session at $44.05, with a gain of 1.17% or 0.51 points. The heightened volatility saw the trading volume jump to 15,78,822 shares. Company has a market cap of $7,340 M.

In a different news, on Jul 29, 2016, D. Scott Pryor (officer ) sold 7,500 shares at $37.66 per share price. According to the SEC, on Jul 14, 2016, Jeffrey J Mcparland (officer ) sold 3,700 shares at $45.13 per share price. On Jun 15, 2016, James W Whalen (director officer ) sold 25,000 shares at $40.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Targa Resources Corp. (Traga) through its general and limited partner interests in Targa Resources Partners LP (the Partnership) is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States. The Partnership is engaged in the business of gathering compressing treating processing and selling natural gas and storing fractionating treating transporting terminaling and selling NGLs NGL products and gathering storing and terminaling crude oil and refined petroleum products. The Company operates in two divisions Gathering and Processing and Logistics and Marketing. Gathering and Processing includes Field Gathering and Processing and Coastal Gathering and Processing. Logistics and Marketing includes Logistics Assets and Marketing and Distribution.

Targa Resources Corp

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