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Stock Market & Financial Investment News

News Breaks
June 19, 2014
19:59 EDTETP, TRGP, NGLS, ETEWells Fargo 'highly skeptical' of Targa Resources takeover
Wells Fargo said it is "highly skeptical" that Energy Transfer (ETE) will ultimately acquire Targa Resources (TRGP) and Targa Resources Partners (NGLS) after Bloomberg reported that the sides were near am agreement. Wells says that while there are strategic benefits to such a merger, the math of such a transaction doesn't work. It notes the transaction would likely be "highly dilutive" to the Energy Transfer family.
News For TRGP;ETE;NGLS;ETP From The Last 14 Days
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March 23, 2015
10:00 EDTNGLSOn The Fly: Analyst Upgrade Summary
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09:31 EDTETPSunoco, ETP announce dropdown of portion of ETP's retail business to SUN
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06:43 EDTNGLSTarga Resources Partners upgraded to Buy from Hold at Jefferies
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March 18, 2015
08:04 EDTNGLSTarga Resources Partners resumed with a Market Perform at Wells Fargo
Price target range $41-$45.
08:04 EDTTRGPTarga Resources resumed with a Market Perform at Wells Fargo
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March 16, 2015
08:01 EDTNGLS, TRGPTarga Resources added to Top Picks List at UBS
UBS added Targa Resources (TRGP) to its Top Picks List as they believe the combined models of it and Targa Resources Partners (NGLS) will provide new growth opportunities, but also increased commodity exposures. As a result, UBS maintains its Buy rating but lowers its price target to $118 from $127 on Targa Resources shares.

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