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RBC raises PT on pipeline operator Targa Resources

ReutersFeb 27, 2026 11:47 AM

RBC Capital Markets raises PT on pipeline operator Targa Resources TRGP.N to $260 from $218

New PT represents upside of 12.4% to stock's last close

Brokerage says it is positive on stock, citing stronger estimates and improved growth visibility that should support solid free‑cash‑flow generation despite near‑term higher capex

"We think TRGP is positioned well for growth into 2026 and beyond, given that the planned growth projects are supported by customer demand which de-risks the capex needs," RBC Capital Markets says

Brokerage says TRGP expects low double-digit Permian volume growth in 2026 that should drive strength across its footprint

21 of 23 brokerages rate stock "buy" or higher, one "hold" and one "sell"; median PT is $236 - LSEG data

Up to last close, TRGP up 26.3% YTD

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