Latest news with #Targa
Times
3 days ago
- Automotive
- Times
Sixty years of the Porsche 911 Targa: divisive but drop-dead gorgeous
There's no derivative of the Porsche 911 more divisive than the Targa. Drivers who go to track days and pride themselves on being steely-eyed helmspeople take great joy in telling anyone who'll listen that the Targa is usually the heaviest iteration of the 911. With a chassis derived from the cabriolet, it has the same additional strengthening under the body but with more added weight in the rollover bar. Even worse, that extra mass is high up in the structure, which affects handling. As such, to these true motoring doyens the Targa is (along with the cabriolet, of course) a no-no. Yet for others, it has always been a thing of drool-inducing desirability. There are a number of reasons for that. For one, 911 Targas are rare beasts, built in lower numbers since its launch 60 years ago, in 1965, than the coupé and cabriolet versions of Porsche's legendary sports car. It's thought that fewer than 10 per cent of the 997 generation were Targas, for example. • Read more expert reviews, news and insights on cars and motoring Another reason to like the Targa is that while they're heavier than convertible 911s, they're also stiffer through the chassis, thanks to that extra bracing up top, meaning they flex less under load. That results in more predictable handling. It's a difference that is probably undetectable to most motorists, mind you, but those who treat their cars roughly will claim to be able to tell the difference. Perhaps one of the easiest reasons for falling for the 911 Targa is that they look sensational. They always have, even in those generations when the characteristic rollover hoop was done away with. Famously, that rollover hoop was introduced to the original 911 Cabriolet to meet an anticipated toughening of safety legislation in America. At the time it was feared convertibles would be banned completely. The result was an all-new bodystyle — neither coupé nor cabriolet — and Porsche needed a name. Those considered for the new style revolved around famous races at which Porsche had had success: Sebring and Daytona are a couple the marketers considered. But when someone mentioned the Targa Florio, a road race that Porsche had won five times up to that point, including in 1964, the answer was clear. It is only later that someone noticed the Italian word Targa translates as 'plate', which can also be interpreted as 'shield' — serendipitous indeed. For the first few years 911 Targa owners got a removable top panel and, for the rear section, a 'soft window' that could be folded away when not needed. None of these made it to the UK, sadly, because the first imports to our shores arrived in 1973 and by then the soft window had already been ditched. Late in 1967 Porsche started offering an optional fixed glass window, which was heated to avoid misting and offered improved sound and insulation, as well as extra security. It also meant people weren't having to deal with fiddly popper fixings. It became standard equipment just a year later. And the Targa look remained very much the same, through the G Series, introduced in 1974, and then the 964, which arrived in 1989. We also saw Targa versions of the 914 and 924. But with the revolutionary 993 generation, which has become ridiculously coveted because it turned out to be the last of the air-cooled 911s, the Targa changed considerably. Instead of the rollover hoop, the 993 Targa — launched in November 1995 — switched to a fixed-glass roof section with body-coloured metal frame that aped the look of the coupé more closely. Underneath it was still a 911 Cabriolet, though with a discrete roof featuring a large section of glass that slid backwards underneath the rear window. So owners could still get that halfway house experience between a full droptop and a coupé, and with the roof closed a lot of light was still allowed into the cabin. Retractable mesh screens came to the rescue on particularly sunny days. This idea continued through the 996 and 997 generations (1997 and 2006 respectively), though with both getting an innovative hatchback-style opening rear window, allowing owners to get at their luggage in the rear seats easily. But when the 991 Targa arrived in 2014 it was given a thoroughly modern interpretation… Transformers-style. The rollover hoop was back, but at the touch of a button the rear glass lifted up and back, the shoulders of the hoop opened up and the canvas roof then retracted for storage above the engine bay. The hoop sections then closed and the rear section returned to its seated position. And so it has remained. What hasn't remained, of course, is the need for Targa. Modern convertibles have rollover protection — a pair of hoops that pop out behind the driver and passenger seats in the event of a rollover — and windscreen structures are so much sturdier than they were in 1965. And yet Targa lives on. An unnecessary bodystyle, overly complicated in its current guise and still one that comes with added weight. But 60 years after its launch, for many enthusiasts there is still very much a place for Targa within the Porsche pantheon.
Yahoo
7 days ago
- Business
- Yahoo
Is Targa Resources (TRGP) Well Positioned to Grow?
Oakmark Funds, advised by Harris Associates, released its 'Oakmark Equity and Income Fund' Q2 2025 investor letter. A copy of the letter can be downloaded here. The equity portfolio returned 4.67% in the second quarter compared to 10.94% for the S&P 500 Index. An underweight in technology stocks and an overweight in value and mid-cap stocks led to the underperformance of the fund. The fixed income portfolio returned 1.97% compared to 1.21% for the Bloomberg U.S. Aggregate Bond Index. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its second quarter 2025 investor letter, Oakmark Equity and Income Fund highlighted stocks such as Targa Resources Corp. (NYSE:TRGP). Targa Resources Corp. (NYSE:TRGP) owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets. The one-month return of Targa Resources Corp. (NYSE:TRGP) was 1.66%, and its shares gained 27.92% of their value over the last 52 weeks. On July 14, 2025, Targa Resources Corp. (NYSE:TRGP) stock closed at $172.46 per share with a market capitalization of $37.412 billion. Oakmark Equity and Income Fund stated the following regarding Targa Resources Corp. (NYSE:TRGP) in its second quarter 2025 investor letter: "Targa Resources Corp. (NYSE:TRGP) is a leading midstream natural gas and natural gas liquids (NGL) company. Targa is a part of a group that controls 90% of the fractionation capacity in the largest hub for NGLs in the world, known as Mont Belvieu. Thanks to the region's unique topography and proximity to the Gulf Coast, Targa benefits from meaningful cost advantages and significant barriers to entry. We like that Targa generates ~90% of its earnings through multi-year fee-based arrangements with its customer base, which provides protection against oversupply or re contracting. Uncertainty around Permian oil pro duction growth has recently weighed on share price. However, in our view, Targa remains well-po sitioned to grow, even if the Permian slows dramatically. We were happy to purchase shares at a dis count to peers based on normalized earnings power and our estimate of intrinsic value." An oil tanker at sunset, symbolizing the company's supply of global crude oil. Targa Resources Corp. (NYSE:TRGP) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 55 hedge fund portfolios held Targa Resources Corp. (NYSE:TRGP) at the end of the first quarter, which was 61 in the previous quarter. While we acknowledge the potential of TRGP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Targa Resources Corp. (NYSE:TRGP) and shared the list of best high growth dividend stocks. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-07-2025
- Business
- Yahoo
Targa Resources (TRGP) PT Lifted to $205 from $191 at RBC Capital
Targa Resources Corp. (NYSE:TRGP) is one of the best high growth stocks. On June 26, RBC Capital lifted its price target from $191 to $205 and maintained an Outperform rating on the stock. The price target was raised following a series of investor engagements with Targa executives, notably President Jennifer Kneale, Logistics & Transportation Head Scott Pryor, and IR and Fundamentals Vice President Tristan Richardson. After the meetings, RBC Capital reported a moderately improved view of Targa Resources and highlighted a perceived misalignment between the firm's market valuation and its robust financial position. An oil tanker at sunset, symbolizing the company's supply of global crude oil. The company's consistent cash distributions to shareholders were identified as a main element supporting the firm's favorable outlook. RBC Capital revised its 2026 projections for Targa Resources Corp. (NYSE:TRGP) upward, citing expected increases in volumes as the primary driver behind both the updated estimates and the elevated price target. The company has exhibited continued growth, with a five-year compound annual revenue growth rate of 14% and a solid EBITDA performance of $4.06 billion over the trailing twelve months. Targa Resources Corp. (NYSE:TRGP) owns and operates a strategically integrated portfolio of midstream infrastructure assets across North America. While we acknowledge the potential of TRGP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None.
The Citizen
09-07-2025
- Automotive
- The Citizen
More Porsche 911 all-wheel drive models on their way to Mzansi
Stuttgart claims that half of Porsche 911 S variant buyers want all-paw grip. Stuttgart is doubling the number of all-wheel-drive variants of the ever-popular Porsche 911 with the launch of the Targa 4S and Carrera 4S in Coupé and Cabriolet guise. These new offerings slot in below the significantly more powerful and racy GTS models. Stuttgart claims that half of all its customers who choose the S variants of the Porsche 911 opt for all-wheel drive, and for good reason. This combination ensures maximum traction in poor weather conditions and inspires additional confidence behind the wheel. Porsche 911 4S still purist Like all the all-wheel-drive models of the 911, the S variants are also designed with rear-biased driving dynamics for those that still want to feel they are driving a purist machine. When required, the Porsche Traction Management (PTM) system provides more drive torque to the front axle, thereby increasing traction and driving stability on the 911 4S variants. As with predecessor models, the clutch assembly in the front differential, which is still water-cooled, is controlled electromechanically. Only the gear ratio has been slightly adjusted. The drive system of the Carrera S and the all-wheel drive variants of the 911 adopt the same system now. This means that the 3.0-litre twin-turbo six-cylinder boxer engine produces 353kW of power. This is 22kW more than in the predecessor model. This increase in performance is partly due to the optimised intercooler system, the design of which is carried over from the Porsche 911 Turbo. An eight-speed Porsche dual-clutch transmission (PDK) transmits power to all four wheels. The 911 Carrera 4S Coupé is claimed to accelerate from 0-100km/h in 3.3 seconds (with Sport Chrono Package) and to a top speed of 308km/h. The 911 Carrera 4S Cabriolet and 911 Targa 4S come in a fraction slower at 3.5 seconds. Both still offer the same top speed of 308km/h. 'Safety cabriolet' For 60 years, the Porsche 911 Targa has combined the pleasure of a convertible with the year-round comfort of a coupé. The original version was Porsche's response to discussions and concerns in the US market regarding the safety of traditional convertibles. The Targa body style made its debut in September 1965 at the IAA in Frankfurt am Main and was dubbed as the 'safety cabriolet'. Like so many Porsche innovations, the elegant, wide roll bar is inspired by motorsport. With a removable roof and folding rear window, the car provided safety-conscious drivers the sensation of travelling in a full convertible. Porsche derived the Targa name from the famous Sicilian endurance race, the Targa Florio. Today, the Porsche 911 Targa is an icon that has constantly been developed in terms of engineering and design. With the introduction of the 993 911 Targa in 1993, there was no longer a need to remove the roof manually. Since 2006, the 911 Targa has been available exclusively with all-wheel drive. ALSO READ: Porsche 911's 70th celebrated with South Africa-bound Spirit 70 Dropping the top From 2014 onwards, fully automatic roof mechanisms have been used: in 19 seconds, the coupé-like sports car is transformed into an open-top vehicle. The wide roll bar and the wraparound rear window are a clear throwback to the original model. The roof module of the current Targa is available in four colours: black, blue, red and brown. The standard equipment list on the new Porsche 911 4S models have been significantly upgraded. This includes 20/21-inch staggered-fitment Carrera S wheels with an updated design, Porsche Torque Vectoring Plus (PTV+) and a sports exhaust system that generates that typical 911 sound. ALSO READ: Back-to-basics Porsche 911 Carrera Coupe just pure bliss GTS brakes Also equipped as standard is the braking system carried over from the GTS models. This brings red brake callipers and 408mm discs to the front and 380mm to the rear. The Porsche 911 Targa 4S also features rear-wheel steering as standard. While the Cabriolet and Targa are equipped with rear seats, Porsche delivers the Coupé as a two-seater as standard. A rear seat system can be configured at no extra cost. Porsche equips the interior of the all-wheel-drive sports car with a leather package. In addition, matrix LED headlights and wireless smartphone charging are also included as standard. Other features include electrically folding exterior mirrors with mirror surround lighting. Plus the Light Design Package and automatically dimming interior and exterior mirrors with integrated rain sensor. Porsche 911 4S pricing 911 Carrera 4S – R3 250 000 911 Carrera 4S Cabriolet – R3 517 000 911 Targa 4S – R3 552 000 *Pricing includes three-year/100 000km Driveplan Maintenance Agreement at no cost.
North Wales Chronicle
08-07-2025
- Automotive
- North Wales Chronicle
North Wales College students build Targa rally car with NAPA
Coleg Menai has teamed up with automotive parts giant NAPA UK to give motorsport engineering students practical training, technical support, and exclusive access to professional racing environments. The collaboration includes the donation of original equipment (OE) quality parts and technical guidance to help students build a Targa rally car—broadening their understanding of motorsport engineering from the classroom to the track. Daron Evans, motorsport programme lead at Coleg Menai, said: "The NAPA partnership is supporting our learners here at Coleg Menai in many ways. "They are providing OE (original equipment) quality parts for our Targa rally car, have allowed our learners to support them with their own marketing campaigns, and more recently gave our students the opportunity to visit Oulton Park as guests of NAPA Racing. "Activities such as those provided by NAPA and NAPA Racing enrich the learning experience for our learners and also give them insight into possible career paths for the future. "We are very grateful for these opportunities and the current partnership." The NAPA Racing UK team talking to Coleg Menai motorsport students at Oulton Park race track (Image: Coleg Menai) During a recent visit to Oulton Park, students toured team garages and paddocks, participated in a Q&A with drivers and mechanics, and watched the British Touring Car Championship and other motorsport events, including the Porsche Sprint Challenge and British Formula 4. They were also given a guided tour of NAPA Racing's pit facilities, where they learned about the technical and logistical operations behind a professional racing team. The visit and ongoing partnership were made possible after Mr Evans invited NAPA UK representatives to the Llangefni campus, where they were impressed by the programme and facilities. Motorsport engineering students working on a Targa rally car at Coleg Menai in Llangefni (Image: Coleg Menai) A key focus of the collaboration is the construction of a Targa rally car, which allows for limited modifications to a road-going vehicle. NAPA has donated braking, suspension, and chassis components, as well as engine and workshop consumables, all supplied through its Llangefni store. READ MORE: Anglesey school to close for funeral of 'excellent' teacher who died suddenly Students are also benefiting from technical resources and hands-on training delivered through TechMate, NAPA's educational partner. Adam McNaney, marketing manager at NAPA, said: "We are proud to support Coleg Menai in nurturing future talent through quality resources and training. "This partnership aligns with our commitment to excellence and investing in the development of skilled professionals who will drive the automotive sector forward."
