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.

 

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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 ].

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