Barclays upgraded Kinder Morgan Inc. (KMI) to an Overweight rating on March 3, 2025, citing structural tailwinds in natural gas demand. The firm believes KMI is well-positioned to benefit from a constructive fundamental outlook for natural gas.
The analyst at Barclays raised the price target for KMI to $31, highlighting the company's critical infrastructure assets. These assets are largely backed by take-or-pay and fee-based contracts across multiple commodity value chains and regions.
This upgrade reflects a positive assessment of Kinder Morgan's ability to leverage its extensive network to meet rising energy demands. The company's stable business model and strategic positioning are key factors in this optimistic outlook.
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