Market Overview

UPDATE: Goldman Sachs Reinstates Kinder Morgan at Buy on Growth and Stability

Related KMI
Fitch Ratings Sees US Refiners Remaining Stable in 2016, Sees MLPs Benefiting From 'their more than stable cash flows'
Benzinga's Top #PreMarket Losers
Insider Buying Report - 111015 (Marketfy Insights)
Related EPB
Earnings Scheduled For October 15, 2014
Tennessee Gas Pipeline Closes Successful Open Season For North-to-South Transportation Capacity To Mexico

Goldman Sachs reinstates Kinder Morgan (NYSE: KMI) with a Buy rating and a price target of $37 following a Not-Rated period on shares.

Goldman Sachs says, "Strategically, we have a long-term positive view on KMI's shift toward natural gas via the El Paso acquisition, driven by industrial, power generation, and LNG export growth, and although near-term gas infrastructure opportunities are more muted, its Marcellus position remains attractive."

Kinder Morgan has come down quite a bit from its early April high of 40.25, which was on the heels of the company's El Paso (NYSE: EPB) acquisition. Shares closed at $31.47 on Thursday.

Latest Ratings for KMI

Nov 2015Deutsche BankMaintainsBuy
Nov 2015Deutsche BankMaintainsBuy
Oct 2015Credit SuisseDowngradesOutperformNeutral

View More Analyst Ratings for KMI
View the Latest Analyst Ratings

Posted-In: Goldman SachsPrice Target Reiteration Pre-Market Outlook Analyst Ratings


Related Articles (EPB + KMI)

View Comments and Join the Discussion!

Get Benzinga's Newsletters