Kinder Morgan cuts 2020 core profit outlook, spending on coronavirus hit

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SunTrust Reiterates Buy Rating on Kinder Morgan (KMI) Following 1Q Miss

April 23, 2020 7:37 AM EDT

SunTrust analyst Tristan Richardson reiterated a Buy rating and $18.00 price target on Kinder Morgan (NYSE: KMI) following the company's 1Q miss.

Kinder lowered its initial 2020 financial expectations, now targeting EBITDA of ~$7.0b vs $7.6b previously (vs the Street's $7.3b) and DCF of... More