Will Targa Resources Stock Generate High Returns in 2017?
Of the analysts surveyed by Reuters, 58% rated Targa Resources (TRGP) stock as a “hold.” About 42% of the analysts surveyed rated Targa Resources as a “buy,” while none of the analysts rated it as a “sell.”
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Analysts surveyed by Reuters provided a median target price of $59 for Targa Resources. Currently, the stock is trading close to its target price, which implies no price returns for investors over the next year.
The above graph shows analysts’ recommendations for Targa Resources.
As for other midstream companies, 93% of the analysts rated Enterprise Products Partners (EPD) as a “buy,” 63% of the analysts rated Sunoco Logistics Partners (SXL) as a “buy,” and 33% of the analysts rated Williams Partners (WPZ) as a “buy.”