Wolfe Research Downgrades Rating to Underperform for Kinder Morgan, Raises Price Target To $18

Wolfe Research downgraded its rating of Kinder Morgan KMI to Underperform with a price target of $18.00, changing its price target from $17.00 to $18.00.

Shares of Kinder Morgan are trading down 1.08% over the last 24 hours, at $19.27 per share.

A move to $18.00 would account for a 6.59 decrease% shift from the current share price.

About Kinder Morgan

Kinder Morgan is one of the largest midstream energy firms in North America with an interest in or an operator on about 83,000 miles in pipelines and over 140 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga's automated content engine and reviewed by an editor.