Goldman Sachs Initiates KMI At Neutral

Goldman Sachs has initiated coverage of Kinder Morgan Inc. KMI with a Neutral rating. “We have a decidedly positive view of Kinder's world-class energy infrastructure assets, given their geographic reach, energy product diversity, and supply chain breadth, and a bullish outlook for KMI's cash flow growth,” Goldman Sachs writes. “However, we believe implicit cost-of-capital tension between KMI and KMP/R, driven by high general partner (GP) cash flows, could limit growth, particularly in an acquisition-focused environment, and we see macro risks of rising interest rates.” Kinder Morgan currently trades at $30.52.