Kinder Morgan Energy Partners LP (KMP) Downgraded by Stifel Nicolaus to Hold
Kinder Morgan Energy Partners LP (NYSE:KMP) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Tuesday.
Separately, Morgan Stanley raised Kinder Morgan Energy Partners from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $23.00 to $24.00 in a report on Thursday, August 18th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Kinder Morgan Energy Partners presently has an average rating of “Hold” and an average price target of $20.75.
Kinder Morgan Energy Partners Company Profile
Kinder Morgan Energy Partners, L.P. (KMP) is a pipeline transportation and energy storage company in North America. KMP. The Company operates in five business segments: Products Pipelines, Natural Gas Pipelines, carbon dioxide (CO2), Terminals and Kinder Morgan Canada. In August 2012, the Company acquired Tennessee Gas Pipeline (TGP) and a 50% interest in El Paso Natural Gas (EPNG) pipeline from Kinder Morgan, Inc In November 2012, Tallgrass Energy Partners, LP acquired Kinder Morgan Interstate Gas Transmission (KMIGT), Trailblazer Pipeline Company, the Casper-Douglas natural gas processing and West Frenchie Draw treating facilities in Wyoming, and KMP’s 50% interest in the Rockies Express Pipeline.
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