Targa Resources Partners LP (NGLS) Stock Rating Lowered by Stifel Nicolaus
Targa Resources Partners LP (NYSE:NGLS) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Friday.
NGLS has been the topic of a number of other reports. Wunderlich reissued a “hold” rating and set a $45.00 target price (up from $44.00) on shares of Targa Resources Partners in a research report on Wednesday, August 31st. Barclays PLC raised shares of Targa Resources Partners from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $47.00 to $55.00 in a research report on Tuesday, September 27th. Finally, Goldman Sachs Group Inc. raised shares of Targa Resources Partners from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $41.00 to $52.00 in a research report on Monday, September 19th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.89.
An institutional investor recently bought a new position in Targa Resources Partners stock. Janney Montgomery Scott LLC acquired a new stake in Targa Resources Partners LP (NYSE:NGLS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,065 shares of the company’s stock, valued at approximately $249,000.
Targa Resources Partners Company Profile
Targa Resources Partners LP is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States with a presence in crude oil gathering and petroleum terminaling. The Company is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling NGLs and NGL products, including services to liquefied petroleum gas (LPG) exporters; gathering, storing and terminaling crude oil, and storing, terminaling and selling refined petroleum products.
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