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Fly News Breaks for July 18, 2016
KMI
Jul 18, 2016 | 07:25 EDT
Barclays analyst Christine Cho raised Kinder Morgan's price target to $25 from $20 and believes the joint-venture of the CO2 segment will enable the company to hit the 5.0x debt/EBITDA metric by year-end. Cho believes the 50/50 partnership will be welcomed by investors and credit agencies as the partner is putting in 100% of the capex, diluting Kinder over time. The analyst has an Overweight rating on Kinder Morgan shares.
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