Truist initiated coverage of Kinder Morgan (KMI) with a Hold rating and $38 price target Kinder Morgan stands out as a high-quality, large scale natural gas infrastructure platform levered to structural demand growth from LNG exports, power, and industrial consumption, with visible EBITDA growth underpinned by a $10B+ backlog of largely contracted expansions, the analyst tells investors in a research note. The firm added that while it believes the business outlook is strong, the stock is up 22% year-to-date and fairly valued based on its price target
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