TD Cowen analyst Jason Gabelman initiated coverage of Kinder Morgan (KMI) with a Buy rating and $34 price target The firm says the company’s project backlog has “grown rapidly” due to growing demand from liquefied natural gas export capacity and data center demand. It believes Kinder footprint positions it to capture incremental growth.
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Read More on KMI:
- Kinder Morgan’s Strong Growth Potential: Buy Rating Backed by Expanding Project Backlog and Strategic Positioning
- Kinder Morgan price target raised to $32 from $31 at Barclays
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- Strategic Positioning and Growth Prospects Underpin Buy Rating for Kinder Morgan
- Kinder Morgan price target raised to $27 from $26 at Scotiabank