Targa Resources price target raised to $105 from $94 at Barclays

Barclays analyst Theresa Chen raised the firm’s price target on Targa Resources to $105 from $94 and keeps an Overweight rating on the shares. The analyst outlined near- and medium-term expectations for multiple commodity value chains across the firm’s midstream coverage. Long term, it likes Enterprise Products Partners (EPD) for diversification and yield, Targa Resources (TRGP) for a 2025 free cash flow inflection, and Cheniere (LNG) for secular tailwinds.