Credit Suisse Raises PT to $36 on Kinder Morgan

Credit Suisse raises its price target $4 to $36 on Neutral-rated Kinder Morgan

following updates on the company's merger with El Paso. Credit Suisse says, "On 15th March, Kinder Morgan, Inc. (

) announced a tentative agreement with the Federal Trade Commission (

) concerning KMP's proposed divestiture of assets to receive regulatory approval for its merger with EP. These assets maybe sold as one package and include: 1) Kinder Morgan Interstate Gas Transmission, 2) Trailblazer Pipeline Company, 3) Casper-Douglas natural gas processing facility, 4) West Frenchie Draw treating facility, and 5) its 50% interest in the Rockies Express Pipeline. We estimate that these assets combined generate EBITDA in the range of $383mm to $435mm." KMI closed at $36.85 a share on Friday.