Argus analyst Michael Burke lowered his price target on Kinder Morgan to $35 from $50 and reduced estimates to reflect management's forecast for reduced dividend growth next year. Burke believes the announced convertible preferred equity offering will provide adequate financing without impacting its investment grade credit rating. The analyst has a Buy rating on shares.
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