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Targa Resources Partners Lp (NYSE: NGLS) reiterated to Buy by Jefferies

Thursday,  Jan 14, 2016  10:25 AM ET by Lynn Gilbert

Jefferies reiterated Targa Resources Partners Lp (NYSE: NGLS) to Buy. Previously,
Jefferies rated Targa Resources Partners Lp (NYSE: NGLS) to Buy on 09/04/2013, when the stock price was valued at $48.47.

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).

Jefferiess' research efforts cover U.S. & International equity, high yield, convertibles, derivatives and option strategies, investment grade fixed income, post-reorganization securities, as well as special situations and quantitative research. Our team of more than 150 research professionals covers nearly 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes while providing in-depth, thought provoking, objective research.



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