Barclays raised the firm’s price target on Kinder Morgan to $20 from $19 and keeps an Equal Weight rating on the shares. The analyst outlined near- and medium-term expectations for multiple commodity value chains across the firm’s midstream coverage. Long term, it likes Enterprise Products Partners (EPD) for diversification and yield, Targa Resources (TRGP) for a 2025 free cash flow inflection, and Cheniere (LNG) for secular tailwinds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on KMI:
- Options Volatility and Implied Earnings Moves This Week, January 16 – January 19, 2024
- Is KMI a Buy, Before Earnings?
- NextEra Energy Partners price target raised to $30 from $22 at UBS
- NextEra Energy Partners, LP completes sale of Texas natural gas pipeline portfolio
- Kinder Morgan closes on $1.815B purchase of NextEra Partners’ South Texas assets