Citi Reiterates 'Hold' Rating on Kinder Morgan Energy Partners LP (KMP) - Good Quarter, But Fairly Valued
More News related to KMP
- Kinder Morgan Energy Partners Expects to Increase Quarterly Distribution Next Week to $1.02 Per Unit
- Industrial Projects Under Construction in Texas Total $25 Billion, an Industrial Info News Alert
- Kinder Morgan says Pasadena, Texas Oil Terminal Shut By Fire - Bloomberg
- Kinder Morgan Assets Not Significantly Damaged by Hurricane Ike
- Kinder Morgan Energy Partners (KMP) Announces Two Pipeline System Acquisitions; Sees Deal Immediately Accretive
More News related to Analyst Comments
- AmTech Reiterates Sell on Amazon (AMZN); Cuts PT to $45
- Canaccord Adams Maintains 'Buy' Rating on VALE (RIO), but Lowers Price Target
- Canaccord Adams Maintains 'Buy' Rating on Thompson Creek Metals (TC)
- Canaccord Adams Maintains 'Buy' Rating on Taseko Mines Limited (TGB)
- Analyst Starts Coverage on Solar Sector with an Underperform; Sees Stocks Falling At Least Another 30-40%
Citi reiterates a 'Hold' rating on Kinder Morgan Energy Partners LP (NYSE: KMP). Price target $62.
Citi analyst says, "Despite volatile commodity prices, demand destruction concerns, and a slowing economy KMP reported 2Q:08 results that were better than expected. The partnership clearly benefited from its diversified midstream asset base as its Natural Gas Pipeline, Terminals, and CO2 segments more than made up for minor misses in the Product Pipelines and Trans Mountain segments...We reiterate Hold/Medium Risk, which reflects our view that the partnership is close to fairly valued at current levels. Specifically, we believe the partnership's above average distribution growth rate is offset by a premium valuation relative to comparable midstream MLPs."
Kinder Morgan Energy Partners, L.P. (KMP) is a pipeline transportation ad energy storage company in North America. The Company owns an interest in or operates more than 25,000 miles of pipelines and approximately 165 terminals. [SM]
Related Categories
Analyst CommentsStocks Mentioned
+0.35Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
