Targa Resources price target raised to $190 from $170 at Argus

Argus raised the firm’s price target on Targa Resources (TRGP) to $190 from $170 and keeps a Buy rating on the shares. The firm is positive on the company’s position having exposure in nearly every segment of the midstream sector of the oil & gas industry as well as being geographically diverse, with many of its assets focused on some of the United States’ most productive oil and gas formations and connected with important NGL facilities, the analyst tells investors in a research note.