Goldman Sachs raises Targa Resources price target ahead of Q3 results

On Oct. 13, Goldman Sachs analyst John Mackay raised the target to $322 from $310 and kept Buy ahead of Q3 results. He cited ongoing Permian inlet-volume growth, partly offset by lower marketing contributions, particularly Waha spreads, and said Targa was better positioned for volume upside given lower Q2 marketing contributions.