Targa Resources price target raised to $190 from $153 at Wells Fargo

Wells Fargo raised the firm’s price target on Targa Resources (TRGP) to $190 from $153 and keeps an Overweight rating on the shares following the Q3 beat. The firm cites a higher EBITDA and dividend growth forecast. Targa continues to see best-in-class Permian volume growth, which supports increasing capital return to shareholders, Wells adds.