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Fly News Breaks for November 10, 2015
KMI
Nov 10, 2015 | 13:48 EDT
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.