Targa Resources Corp (TRGP) is Downgraded by Jefferies to Hold

Targa Resources Corp (TRGP) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Jun 8, 2016.

Many Wall Street Analysts have commented on Targa Resources Corp. Targa Resources Corp was Initiated by Stifel to “Hold” on May 31, 2016. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 43 from a previous price target of $33 .Targa Resources Corp was Upgraded by CapitalOne to ” Overweight” on May 2, 2016.

Targa Resources Corp closed down -0.16 points or -0.36% at $44.8 with 23,98,625 shares getting traded on Tuesday. Post opening the session at $45.07, the shares hit an intraday low of $44.5 and an intraday high of $45.64 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on May 16, 2016, Rene R Joyce (director) sold 75,091 shares at $41.98 per share price. According to the SEC, on May 16, 2016, Paul W Chung (EVP, Gen. Counsel & Secretary) sold 20,640 shares at $42.42 per share price. On Mar 3, 2015, Peter Kagan (director) sold 10,796 shares at $98.27 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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