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

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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

DateFirmActionFromTo
Jun 2015SunTrust Robinson HumphreyInitiates Coverage onBuy
May 2015Deutsche BankInitiates Coverage onBuy
Apr 2015Goldman SachsDowngradesConviction BuyBuy

View More Analyst Ratings for KMI
View the Latest Analyst Ratings

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

 

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