UPDATE: Global Hunter Securities Raises PT on Kinder Morgan Energy from $84 to $86

Global Hunter Securities reiterated a Neutral rating on Kinder Morgan Energy

and increased its price target from $84 to $86. Global Hunters Securities commented, “While we believe KMP's near-term prospects are bright and 8% distribution growth is attractive, the yield has compressed to around 5.6%. We do not believe that KMP will trade sustainably at a meaningfully lower current yield, capping upside potential. All else being equal, we continue to prefer owning diversified, fee-based MLPs with smaller GP burdens.” Kinder Morgan Energy closed at $85.38 on Tuesday.