Kinder Morgan price target raised to $28 from $27 at Scotiabank

Scotiabank analyst Brandon Bingham raised the firm’s price target on Kinder Morgan (KMI) to $28 from $27 and keeps a Sector Perform rating on the shares. While the company’s recently reported consolidated adjusted EBITDA was in-line, Products and CO2 underperformed expectations while Natural Gas and Terminals exceeded expectations, the analyst tells investors. Scotiabank believes Haynesville is first set to meet the LNG ramp, but notes it expects more muted volume profits through 2H25 into 2026.