Scotiabank Sees Iran Conflict as Neutral for Kinder Morgan (…
Insider Monkey – Free Hedge Fund and Insider Trading Data (Vardah Gill)Kinder Morgan, Inc. (NYSE:KMI) is included among the Dividend Stock Portfolio for Income: 15 Stocks to Invest In.
On March 26, Scotiabank raised its price recommendation on Kinder Morgan, Inc. (NYSE:KMI) to $32 from $31. It kept a Sector Perform rating on the shares. The analyst said the company was impacted more by January’s winter weather than by supply disruptions in the Middle East. Management also indicated that the Iranian conflict has had an essentially neutral effect so far.
A couple of days earlier, on March 24, Jefferies analyst Julien Dumoulin-Smith raised the price goal on Kinder Morgan to $36 from $31 and maintained a Hold rating. The firm said the investment case will be “increasingly defined” by how well the company executes on its projects and converts its backlog. After the recent rally in the stock, the analyst noted that further upside will likely depend more on execution than on any expansion in valuation multiples.
Kinder Morgan, Inc. (NYSE:KMI) operates as an energy infrastructure company. It owns interests in or runs about 79,000 miles of pipelines and 139 terminals. Its Natural Gas Pipelines segment includes interstate and intrastate pipelines, storage systems, gathering networks, and processing and treating facilities.
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