RBC Capital raised the firm’s price target on Kinder Morgan (KMI) to $35 from $32 and keeps a Sector Perform rating on the shares. The firm is updating its estimates following its management catch-up call, marking to market commodity prices and fine-tuning its quarterly shaping as well as longer pipeline ramp, the analyst tells investors in a research note. RBC adds it expects Kinder Morgan to have a modest benefit from winter storm Fern.
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