Wells Fargo analyst Michael Blum maintains $Kinder Morgan (KMI.US)$ with a buy rating, and adjusts the target price from $22 to $27.
According to TipRanks data, the analyst has a success rate of 65.2% and a total average return of 10.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Kinder Morgan (KMI.US)$'s main analysts recently are as follows:
Following a period of stagnation, the base business for Kinder Morgan is expected to stabilize or experience marginal growth since the decline in EBITDA from contract rolloffs has mostly ceased. Looking ahead, the company is positioned to benefit from an increase in gas-fired and AI-powered energy generation over the next five years, and it is anticipated to achieve strong to very strong returns on investments in brownfield infrastructure.
The third quarter performance was slightly below expectations, yet the outlook for the full year largely remains unchanged. Significantly, the company has approved two new gas projects and is currently assessing two additional large gas projects.
The assessment of Kinder Morgan has been adjusted to incorporate changes in commodity prices, the aftereffects of hurricanes, and a softness in dry gas production. It is anticipated that the majority of companies will keep their 2024 forecasts steady. Despite long-term growth prospects linked to datacenter and AI developments, there are concerns that current low natural gas prices may present near-term challenges.
Note:
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