Targa Resources (TRGP): Among the Energy Stocks that Fell This Week

Core Viewpoint - Targa Resources Corp. (NYSE:TRGP) experienced a significant decline in share price, attributed to a reduction in price target by BofA and falling oil prices, despite ongoing growth initiatives in the Permian basin [1][2]. Group 1: Stock Performance - The share price of Targa Resources Corp. fell by 6.83% from September 26 to October 3, 2025, ranking it among the energy stocks that lost the most during that week [1]. - BofA reduced the stock's price target from $220 to $200 while maintaining a 'Buy' rating, indicating a mixed sentiment towards the stock [2]. Group 2: Company Initiatives - Targa Resources announced plans to construct the Speedway NGL Pipeline and a new gas processing plant, with an estimated cost of $1.6 billion, to support its production growth in the Permian basin [3]. - The company will also proceed with the construction of the Yeti gas processing plant, which has a capacity of 275 million cubic feet per day, in the Permian Delaware Basin [3].