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Fly News Breaks for October 24, 2016
KMI
Oct 24, 2016 | 08:41 EDT
Raymond James analyst Darren Horowitz upgraded Kinder Morgan to Strong Buy and raised its price target to $27 from $23 saying its financial strength has improved and is better positioned to enhance future value. The anlalyst said its leverage profile continues to improve, placing it on a path of sub-5x leverage by Q1 2018, at which point he expects the company to begin to return cash to shareholders through substantial dividend growth.
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