The firm set a price target of $76 for the midstream energy assets company.
Credit Suisse said it raised Targa Resources Partners rating because of a valuation call based on re-assessment of master limited partnership's post-earnings.
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"No change to forecasts. NGLS offers a total return potential of 37 % compared to our coverage average of 26%," said analysts at Credit Suisse.
Separately, TheStreet Ratings team rates TARGA RESOURCES PARTNERS LP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TARGA RESOURCES PARTNERS LP (NGLS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."