Kinder Morgan price target raised to $26 from $25 at Scotiabank

Scotiabank raised the firm’s price target on Kinder Morgan (KMI) to $26 from $25 and keeps a Sector Perform rating on the shares. The company reaffirmed its bullish outlook for gas demand growth through the end of the decade, the analyst tells investors. While demand remains intact and drives potential opportunity, earnings growth within the current forecast period remains muted, the firm adds.