BofA reinstated coverage of Kinder Morgan with a Buy rating and $27 price target After years of no growth, the base business should be flat to slightly up as contract rolloffs that reduced EBITDA have largely ended, the analyst tells investors. Meanwhile, the company should be “well situated” for a bump in gas fired power/AI power over the next five years and can command “great to very great returns” on brownfield infrastructure, the analyst added.
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