On Oct 18, major Wall Street analysts update their ratings for $Kinder Morgan (KMI.US)$, with price targets ranging from $25 to $28.
BofA Securities analyst Chase Mulvehill maintains with a buy rating, and maintains the target price at $27.
Wells Fargo analyst Michael Blum maintains with a buy rating, and adjusts the target price from $22 to $27.
Truist Financial analyst Neal Dingmann maintains with a hold rating, and adjusts the target price from $22 to $25.
CFRA analyst Stewart Glickman maintains with a buy rating, and adjusts the target price from $22 to $28.
Furthermore, according to the comprehensive report, the opinions of $Kinder Morgan (KMI.US)$'s main analysts recently are as follows:
After a period of stagnation, the fundamental business for Kinder Morgan is anticipated to remain stable or experience a slight increase. This comes as the impact of contract expirations that previously diminished EBITDA is largely concluding. Looking ahead, the company is expected to be favorably positioned to benefit from an increase in gas-fired and AI-powered electricity generation over the next five years. Additionally, it is projected to achieve strong to very strong returns on investments in existing infrastructure.
The firm observes that while the third quarter results were somewhat below expectations, the full-year forecast continues to be largely achievable. Additionally, the sanctioning of two new gas projects, along with the ongoing evaluation of two substantial gas projects, are noteworthy developments.
The firm is revising its models to accommodate changes in commodity prices, the effects of hurricanes, and weaknesses in dry gas production. It is anticipated that the majority of companies will continue to support their 2024 forecasts. There are warnings that for the company in question, immediate challenges associated with low natural gas prices may counterbalance the potential growth related to datacenters and artificial intelligence in the long run.
Here are the latest investment ratings and price targets for $Kinder Morgan (KMI.US)$ from 4 analysts:
Note:
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