Scotiabank Maintains Outperform on Targa Resources (TRGP) Feb 24 2026
Scotiabank maintained an Outperform on Targa Resources Corp. on Feb 24, 2026, and raised the price target to $246 from $224. This main action defines the current TRGP analyst rating shift and signals analyst confidence after the Q4 2025 call. The price target move is a $22 increase. The update followed Scotiabank engagement on the earnings call and comes as Targa trades with a market cap of $49,733,169,400. Investors should note the reported 1.54% ($3.52) price change since the note.
TRGP analyst rating: Scotiabank action and price target
On Feb 24, 2026 Scotiabank kept its Outperform rating for Targa Resources (TRGP) while raising the price target to $246 from $224. The firm emphasized stronger cash flow visibility and resilient fee-based revenue in its note. Scotiabank’s maintained stance reinforces ongoing support from a major research house.
What the TRGP analyst rating means for investors
A maintained Outperform implies analysts expect TRGP to outperform peers. Investors should see this as a reaffirmation, not a new upgrade. The $22 price target increase narrows uncertainty by reflecting higher medium-term earnings expectations.
Price reaction and market context for TRGP
The rating action coincided with a 1.54% ($3.52) price move since the note. The update followed management commentary during the Q4 2025 earnings call, where Scotiabank participated. Read the earnings call transcript for context on guidance and operations source. The price target change was first reported by TheFly source.
Analyst coverage history and why this matters
Scotiabank remains the sole firm in this update cycle for TRGP. Historically, TRGP sees periodic coverage from large US and Canadian banks. Consistent coverage by Scotiabank helps set benchmarking levels for other analysts and aids consensus formation among institutional investors.
Meyka AI grade and what drives it for TRGP
Meyka AI rates TRGP with a grade of B+. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are informational only and are not investment advice.
Risks, implications, and investor actions
The maintained Outperform and higher price target point to confidence in fee-based cash flows and volume recovery. Investors should weigh the rating against commodity cycles and midstream contract exposures. Use the update as part of portfolio checks, not as a sole trading signal.
Final Thoughts
Scotiabank’s Feb 24, 2026 note kept an Outperform on Targa Resources and lifted the price target to $246 from $224, a $22 increase. That maintained TRGP analyst rating signals that Scotiabank sees clearer midterm upside from improved cash flow and stable fee revenue. For investors, the move is confirmatory rather than a directional surprise. The reported 1.54% ($3.52) price change since the note shows a measured market response, not a dramatic re-rating. Historical coverage shows Scotiabank as a consistent voice on TRGP, which helps set consensus expectations. Meyka AI rates TRGP with a grade of B+. This grade reflects S&P 500 comparison, sector performance, financial growth, key metrics, and analyst consensus. Remember these grades are not guaranteed, and this article does not constitute financial advice. Use the analyst update alongside earnings details and your risk profile when sizing positions.
FAQs
What did Scotiabank change on Feb 24, 2026 for TRGP analyst rating?
Scotiabank maintained its Outperform rating and raised the price target to $246 from $224 on Feb 24, 2026. The action reinforces its positive view after the Q4 2025 call.
How should investors interpret the TRGP analyst rating update?
A maintained Outperform is a reaffirmation of relative strength. It suggests analysts see continued upside versus peers, but investors should weigh sector risks and company fundamentals before trading.
Did TRGP stock move after the rating was maintained?
Yes. The report notes a 1.54% ($3.52) price change since the update. That indicates a modest market reaction to the maintained Outperform and raised price target.
What does Meyka AI’s B+ grade mean for Targa Resources?
Meyka AI rates TRGP B+ based on S&P 500 comparison, sector performance, financial growth, key metrics, and analyst consensus. This grade is informational and not financial advice.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Analyst ratings are opinions and not guarantees of future performance. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.