Scotiabank analyst Brandon Bingham lowered the firm’s price target on Kinder Morgan (KMI) to $27 from $28 and keeps a Sector Perform rating on the shares. The firm expects the company to have a “fairly mundane” quarter, with some commodity-driven headwinds, the analyst tells investors. Scotiabank notes the environment remains muted, with business and operations being stuck in a “good but not great” state.
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