Targa Resources (TRGP) – Investment Analysts’ Recent Ratings Changes

A number of firms have modified their ratings and price targets on shares of Targa Resources (NYSE: TRGP) recently:

• 8/11/2026 – Targa Resources had its price target raised by Royal Bank Of Canada from $310.00 to $312.00. They now have an “outperform” rating on the stock.
• 8/7/2026 – Targa Resources was given a new $335.00 price target by Raymond James Financial, Inc..
• 8/7/2026 – Targa Resources had its price target raised by Barclays PLC from $282.00 to $284.00. They now have an “overweight” rating on the stock.
• 8/7/2026 – Targa Resources was given a new $324.00 price target by Jefferies Financial Group Inc..
• 8/7/2026 – Targa Resources was given a new $335.00 price target by Wolfe Research.
• 8/7/2026 – Targa Resources had its “strong-buy” rating reaffirmed by Raymond James Financial, Inc..
• 8/7/2026 – Targa Resources had its price target raised by Wells Fargo & Company from $270.00 to $282.00. They now have an “overweight” rating on the stock.
• 8/7/2026 – Targa Resources had its price target raised by TD Cowen from $270.00 to $275.00. They now have a “hold” rating on the stock.
• 7/21/2026 – Targa Resources had its “overweight” rating reaffirmed by Morgan Stanley. They now have a $333.00 price target on the stock.
• 7/21/2026 – Targa Resources had its “outperform” rating reaffirmed by Royal Bank Of Canada. They now have a $310.00 price target on the stock.
• 7/16/2026 – Targa Resources had its price target raised by TD Cowen from $245.00 to $270.00. They now have a “hold” rating on the stock.
• 7/15/2026 – Targa Resources had its price target raised by Truist Financial Corporation from $289.00 to $312.00. They now have a “buy” rating on the stock.
• 7/13/2026 – Targa Resources had its price target raised by Barclays PLC from $270.00 to $282.00. They now have an “overweight” rating on the stock.
• 7/9/2026 – Targa Resources had its “buy” rating reaffirmed by UBS Group AG. They now have a $318.00 price target on the stock.
• 7/9/2026 – Targa Resources had its price target raised by JPMorgan Chase & Co. from $291.00 to $315.00. They now have an “overweight” rating on the stock.
• 7/2/2026 – Targa Resources had its “buy (b)” rating reaffirmed by Weiss Ratings.
• 6/25/2026 – Targa Resources is now covered by Erste Group Bank AG. They set a “buy” rating on the stock.
• 6/23/2026 – Targa Resources had its price target raised by Barclays PLC from $262.00 to $270.00. They now have an “overweight” rating on the stock.
• 6/18/2026 – Targa Resources is now covered by Jefferies Financial Group Inc.. They set a “buy” rating and a $314.00 price target on the stock.
• 6/18/2026 – Targa Resources is now covered by Jefferies Financial Group Inc.. They set a “buy” rating and a $314.00 price target on the stock.

Targa Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, July 31st. Targa Resources’s payout ratio is 47.80%.

Targa Resources Corporation (NYSE: TRGP) is a U.S.-focused midstream energy company that provides gathering, processing, transportation, storage and marketing services for natural gas, natural gas liquids (NGLs), and condensate. Its operations span the midstream value chain, including gas gathering systems that collect production from wells, processing plants that separate and recover NGLs and other hydrocarbons, fractionation and purification facilities that prepare NGLs for market, and pipeline and terminal assets that move and store products for producers, refiners and other customers.

The company operates a network of pipelines, processing plants, fractionators and storage facilities that serve producers and consumers across major U.S.