Targa Resources Downgraded to Hold at Wunderlich, PT Cut $9 to $61; Shares Even Pre Bell

Targa Resources Partners LP (NGLS), a provider of midstream natural gas and natural gas liquid services, has been downgraded by analysts at Wunderlich Securities to a hold rating from a buy.

The firm also lowered its price target on the stock to $61 from $70 a share.

In today’s pre-market session, shares of NGLS are flat at $81.55, and move within a 52-week frame of $43.54 – $83.49.

Targa Resources Partners LP is engaged in the ownership, operation, acquisition, and development of midstream energy assets in the United States.



Jennifer McKinney, CFA, is an equity analyst for The Downtown Leader. If you have a great story idea for Jennifer McKinney, you can write at [Jennifer.McKinney@downtownleader.com ].