UBS Reiterates Buy Rating on Targa Resources (TRGP)

UBS analyst Manav Gupta reiterated a Buy rating and $228.00 price target on Targa Resources (NYSE: TRGP).

The analyst commented, "We are adjusting our 2Q25 EBITDA estimate to $1,153M (from previous UBSe of $1,155M and 1Q25 result of $1,179M). We are modeling our FY 2025 EBITDA at $4,792M (vs. FY 2024 result of $4,143M). Our adjustments are largely due to inlet volumes driving the business and typical seasonality in the quarter with respect to marketing and optimization."

For an analyst ratings summary and ratings history on Targa Resources click here. For more ratings news on Targa Resources click here.

Shares of Targa Resources closed at $170.69 yesterday.

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