seekingalpha.comSEP 181 min read$TRGP

Targa Resources raised to Buy at TD Cowen, seeing peer-leading EBITDA growth (TRGP:NYSE)

Targa Resources (TRGP) gained 3.3% after TD Cowen upgraded it to Buy from Hold, raising its price target to $350 from $275. The firm expects the company to benefit from Permian Basin wet gas growth and peer-leading EBITDA growth.

Original reporting

seekingalpha.com

Published Sep 18, 2026, 6:28 PM UTC

Analysis

AlphAI AI DeskAI-generated

Added to AlphAI Sep 18, 2026, 6:45 PM UTC. Informational, not investment advice.

How this was made

AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.

About AlphAI AI Desk Scoring methodology Report an issue

AlphAI market briefMarket movers

Primary signal

$TRGP

Bullish

high confidence

Mentioned

$TRGP

Relevance

7/10

AlphAI data visualization · based on seekingalpha.com

Decision brief

The 30-second read

$TRGPBullishMed

Why it matters

The upgrade provides a fresh catalyst that could drive further price appreciation.

Market read

Analyst upgrade with a higher price target is a material event for traders.

What to watch

Potential regulatory or environmental constraints on new gas projects.

Relevance 7/10Novelty 7/10Timing: Friday trading

Background

TD Cowen cited expected Permian Basin wet gas growth and peer-leading EBITDA growth as reasons for the upgrade.

Company-level read

Ticker impact

AI estimates · verify against primary disclosures

$TRGPBullishHigh confidence

Context

TD Cowen upgraded Targa Resources to Buy with a new $350 price target, prompting a 3.3% price rise.

Expected impact

Potential further 2-4% gain over the next few days if earnings follow guidance.

Evidence & confidence

Analyst upgrade with higher target and sector growth outlook provides a clear catalyst.

Market effects

Sector

May boost sentiment for oil & gas midstream sector as peers could see similar upgrades.

Regional

Positive for U.S. energy stocks in the near term.

Global

Limited to energy sector investors.

Counterpoint

What could challenge this read

Upgrade could be premature if Permian wet gas growth stalls, leading to a pullback.

Key entities

Analyst
TD Cowen
Equity research firm issuing the upgrade.

Read at source ← All news

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ProPetro Holding Corp. (PUMP): PROPWR Signs New Power Contracts to Commit Approximately 230 Megawatts to Targa Resources Corp.

ProPetro Holding Corp. (PUMP) filed an SEC Form 8-K — Regulation FD Disclosure. EXHIBIT 99.1 PROPWR Signs New Power Contracts to Commit Approximately 230 Megawatts to Targa Resources Corp. MIDLAND, Texas, September 22, 2026, (Business Wire) – ProPetro Holding Corp. (NYSE: PUMP) (“ProPetro”) today announced that its PROPWR business unit has entered into new c

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