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Kinder Morgan price target raised to $34 from $33 at Wells Fargo

Wells Fargo raised the firm’s price target on Kinder Morgan (KMI) to $34 from $33 and keeps an Overweight rating on the shares. The firm notes Q2 was in-line and 2025 guide was maintained, whereas buyside may have been expecting a guidance raise. Positively, Kinder Morgan added $1.3B of projects, Wells adds.

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