Wells Fargo analyst Michael Blum has maintained their bullish stance on KMI stock, giving a Buy rating on January 27.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Michael Blum has given his Buy rating due to a combination of factors surrounding Kinder Morgan’s growth prospects and financial performance. The company has a more optimistic outlook on gas demand, forecasting higher growth rates than other industry estimates. This bullish stance is supported by its significant role in serving U.S. power demand and potential growth in LNG projects.
Additionally, Kinder Morgan’s guidance for 2025 shows promising financial metrics, including strong EBITDA projections and favorable tax rates. There is also potential for an unexpected increase in revenue from regulatory changes, which could provide additional upside to its financial performance. These factors together suggest a positive growth trajectory for Kinder Morgan, justifying the Buy rating.
In another report released on January 27, UBS also maintained a Buy rating on the stock with a $38.00 price target.