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Targa Resources (NYSE:TRGP) has been downgraded from Buy to Hold in a report by Stifel earlier today.

Yesterday Targa Resources (NYSE:TRGP) traded 4.90% higher at $49.26. The company’s 50-day moving average is $45.18 and its 200-day moving average is $40.04. The last closing price is up 23.01% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 3,279,872 shares of the stock were exchanged, up from an avg. volume of 2,149,170

Stifel has downgraded Targa Resources (NYSE:TRGP) from Buy to Hold in a statement released on 9/29/2016.

Performance Chart

Targa Resources (NYSE:TRGP)

With a market capitalization of $0, Targa Resources has one year low of $14.55 and a one year high of $66.87 .

Also covering Targa Resources's stock price target, a total of 17 brokerages have reported on the stock. The consensus target price is $41.62 with 4 brokers rating the company a strong buy, three firms rating the stock a buy, 12 analysts rating the company a hold, 0 brokers rating the stock a underperform, and lastly zero brokerages rating the stock a sell.

About Targa Resources (NYSE:TRGP)

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP (the Partnership), is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting, terminaling and selling NGLs, NGL products, and gathering, storing and terminaling crude oil and refined petroleum products. The Partnership operates in two divisions: Gathering and Processing, and Logistics and Marketing. The Gathering and Processing division consists of two segments: Field Gathering and Processing, and Coastal Gathering and Processing. The Logistics and Marketing division consists of two segments: Logistics Assets, and Marketing and Distribution.

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