Citi analyst Spiro Dounis raised the firm’s price target on Kinder Morgan (KMI) to $28 from $25 and keeps a Neutral rating on the shares. Th firm believes Kinder’s near-term earnings and cash flows are exceeding its budget by 1%-2% in part due to commodity prices and other tailwinds. However, the analyst sees a balanced risk/reward at current share levels.
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