Argus upgrades Kinder Morgan to Buy on accelerating growth outlook

As previously reported, Argus analyst Bill Selesky upgraded Kinder Morgan to Buy from Hold with a $24 price target. The company’s Q2 EPS growth reflected increased earnings results from the Natural Gas Pipelines, Products Pipelines, and Terminals segments, the analyst tells investors in a research note. Kinder Morgan moves about 40% of U.S. natural gas production throughout the country through its extensive natural gas network, and the company is positioned for accelerating growth in the near term as demand for natural gas continues to increase in consumer, commercial, manufacturing and industrial applications, the firm added.