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

Goldman Sachs reinstates Kinder Morgan

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

acquisition. Shares closed at $31.47 on Thursday.