JPMorgan analyst Jeremy Tonet downgraded Kinder Morgan (KMI) to Neutral from Overweight with an unchanged price target of $21. The analyst sees a more balanced risk/reward profile and less upside potential relative to peers following the stock's 34% year-to-date total return. He prefers PPL Corp. (PPL), Williams (WMB) and Plains GP Holdings (PAGP) in the North American Energy Infrastructure C-Corps space.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Wolfe Research downgraded Williams to Underperform from Peer Perform with a $34 price target. The company "has had challenges" with a disappointing 2024-2025 outlook in February, weak gas prices, and large gas production cuts, the analyst tells investors in a research note. Despite this, the stock has kept pace with peers year-to-date on early hopes for a gas recovery and data center buzz, says Wolfe. The firm cites relative valuation for the downgrade.
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSBank... To see the rest of the story go to thefly.com. See Story Here