Kinder Morgan price target raised to $32 from $31 at Barclays

Barclays raised the firm’s price target on Kinder Morgan (KMI) to $32 from $31 and keeps an Overweight rating on the shares following meetings with management. The company outlined the puts and takes of becoming a pure-play natural gas name and highlighted its capital allocation priorities from here, the analyst tells investors in a research note. The firm says Kinder also assuaged potential fears of tariff-related cost inflation for projects under construction.