Reported about 23 hours ago
Jefferies has started coverage of Kinder Morgan Inc. (KMI) with a ‘Hold’ rating and a $30 price target, anticipating that the company will benefit from increasing demand for US natural gas. They project a 5% annual rise in adjusted EBITDA until 2030 due to a significant backlog in natural gas projects and an LNG expansion. Despite a high valuation compared to industry averages, Kinder Morgan is well positioned for future growth with a solid balance sheet.
Source: YAHOO