Goldman Sachs Reinstates Kinder Morgan (KMI) at Buy; KMP/KMR/EPB at Neutral

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Goldman Sachs reinstates coverage on Kinder Morgan (NYSE: KMI) with a Buy and a $37 price target.

The firm reinstates Kinder Morgan Energy Partners LP (KMP), Kinder Morgan Management LLC (KMR), and El Paso Pipeline Partners, L.P. (EPB) with Neutral ratings and prices target of $86, $83 and $38, respectively.

On KMI, the firm cites its "strong general partner (GP) cash flow outlook, which should drive double-digit dividend growth from a higher proportion of stable, fee-based natural gas pipeline assets."

On KMP, KMR, and EPB, the firm cites a more relative valuation and more balanced risk/reward.

For an analyst ratings summary and ratings history on Kinder Morgan click here. For more ratings news on Kinder Morgan click here.

Shares of Kinder Morgan closed at $31.47 yesterday, with a 52 week range of $23.51-$40.25.

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