Scotiabank gives Targa a tiny target bump

Same story, slightly shinier numbers

Scotiabank analyst Brandon Bingham didn’t rip up the playbook on Targa Resources — he kept the stock at Buy and just edged the price target up from $246 to $249. So no dramatic plot twist here, just a small nudge higher on the optimism dial.

Why investors should care

For a stock like Targa, these little target tweaks can still matter. They don’t change the business overnight, but they do tell you how one Street voice is thinking about cash flows, growth, and whether the recent price already did too much of the heavy lifting.

The fine print

• Firm: Scotiabank
• Analyst: Brandon Bingham
• Rating: Buy
• New price target: $249
• Old price target: $246

TipRanks says Bingham has a 90.3% success rate and an 18.2% average return over the past year, which gives the call a little more credibility than your average “trust me bro” upgrade.

Big picture

This is a classic Wall Street move: not a moonshot, just a modest vote of confidence. For investors, the takeaway is simple — the bullish case on Targa is still alive, and Scotiabank wants you to know it only got a touch more optimistic.