Argus raised the firm’s price target on Kinder Morgan (KMI) to $36 from $29 and keeps a Buy rating on the shares after its Q4 earnings beat. The outperformance was mostly attributable to raised earnings from the Natural Gas Pipelines business with higher volumes and expansion project contributions, Terminals segments operating with higher utilization rates and expansion projects, and Products Pipelines division’s refined products volumes, the analyst tells investors in a research note.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KMI: