Citigroup Raises Kinder Morgan to Buy - Kinder Morgan (NYSE:KMI)

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Analysts at Citigroup (NYSE: KMI) upgraded shares of Kinder Morgan (NYSE: KMI) to Buy on Friday morning with a $39 price target. They wrote that the stock may be held back for technical reasons which should be transitory. "We see the stock's current technical issues as only transitory, while concerns regarding re-contracting and the potential impact of lower crude prices seem overblown." During Friday's trading session, shares of Kinder Morgan have been climbing steadily and were last up more than 3% to $34.40. Citigroup also upgraded Kinder Morgan Energy Partners (NYSE: KMP) to Neutral with a $82 price target. They wrote, "Our improved stance on KMP is supported by better growth visibility coupled with reduced long-term exposure to crude oil prices following the successfully completed El Paso acquisition by KMI." On Friday, KMP has added a little less than 1% and was trading at $84.14.

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