Kinder Morgan price target raised to $31 from $25 at Truist

Truist raised the firm’s price target on Kinder Morgan (KMI) to $31 from $25 and keeps a Hold rating on the shares. The company reported lower Q4 EBITDA and distributable cash flow than consensus estimates driven by relatively weak commodity prices and lower than anticipated natural gas gathering volumes, though the management boosted 2025 guidance as EBITDA and capital spend are likely to be higher than previously estimated largely driven by the slate of expansion projects, the analyst tells investors in a research note.