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Enter Symbol:
Rating: NGLS

Targa Resources Partners Lp (NYSE: NGLS) downgraded to Hold by Stifel

Wednesday,  Nov 4, 2015  8:25 AM ET by Kristen Bailey

Stifel downgraded Targa Resources Partners Lp (NYSE: NGLS) to Hold.
Stifel rated Targa Resources Partners Lp (NYSE: NGLS) to Buy with price target $56 on 08/05/2013, when the price was $50.71.

Targa Resources Partners LP is a limited partnership formed by Targa Resources, Inc. (Targa). Targa is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States, to own, operate, acquire and develop a portfolio of midstream energy assets. The Company is engaged in the business of gathering, compressing, treating, processing and selling natural gas and fractionating and selling NGL and NGL products. The Company operates in the Fort Worth Basin/Bend Arch in North Texas (the Fort Worth Basin), the Permian Basin of West Texas and in Southwest Louisiana. The Company gathers natural gas from producers at the wellhead or central delivery points, move the wellhead natural gas through the gathering system, treat and process the natural gas and then sell the resulting residue natural gas and NGLs. In September 2009, the Company completed the acquisition of Targa Resources, Inc.'s natural gas liquids businesses (the Downstream Business).


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