Credit Suisse raises its price target $4 to $36 on Neutral-rated Kinder Morgan
KMI following updates on the company's merger with El Paso.
Credit Suisse says, "On 15th March, Kinder Morgan, Inc. (
KMI) announced a tentative agreement with the Federal Trade Commission (
FTC) 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.
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FTCFirst Trust Large Cap Growth AlphaDEX Fund
$136.72-4.38%
Edge Rankings
Momentum
70.48
Price Trend
Short
Medium
Long
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