UPDATE: Stifel Nicolaus Upgrades Targa Resources Partners to Buy on Distribution Growth
Posted on February 15, 2013 at 12:37 PM EST
Stifel Nicolaus upgraded Targa Resources Partners (NYSE: NGLS ) from Hold to Buy and announced a $48.00 price target. Stifel Nicolaus noted, "In light of the continued investment in its fee-based margins, we expect the partnership will be able to grow its distribution over 10% through FY14. In turn, we