Targa Resources shares surge 5.03% intraday as improved profit margins, raised EBITDA guidance, and analyst upgrades boost confidence.

Targa Resources surged 5.03% intraday following a series of analyst upgrades and improved operational metrics. BMO Capital raised its price target to $196.00, maintaining an "Outperform" rating, while other analysts highlighted resilient cash flows from fee-based contracts and expanding net profit margins to 8.9% from 6.5%. Strong Q3 performance, including higher-than-expected E.