Mizuho Securities Starts Kinder Morgan (KMI) at Buy

Mizuho Securities analyst Gabriel Moreen initiates coverage on Kinder Morgan (NYSE: KMI) with a Buy rating and a price target of $22.00.

The analyst commented, "As the hegemonic U.S. natural gas transporter, numerous macro tailwinds are at KMI's back with growing U.S. natural gas production seeking out international markets, as well as increasing domestic consumption from coal-to-gas electric generation conversions and industrial use. While it may be difficult for a company of KMI’s size to find needle-moving growth projects, we believe the opportunity set is large enough to sustain a moderate growth rate even after elegantly exiting the Trans Mountain (TMX) expansion. While the last three years have been challenging for investors, we believe major hurdles have been cleared and with lower leverage, ample dividend coverage and an undemanding valuation, we think KMI is poised to return value to shareholders."

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 $16.73 yesterday.

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