Kinder Morgan’s ‘Core Business Is Robust Now,’ BofA Upgrades Stock

BofA Securities has upgraded Kinder Morgan (NYSE:KMI), an energy infrastructure company that owns and controls oil and gas pipelines and terminals. The analyst notes stabilized base business. The company is scheduled to report third-quarter 2024 earnings on 16 October, with analysts estimating $0.27 for adjusted EPS and $3.95 billion for revenues. Amid uncertainty in the energy sector, the analyst recognizes the potential in companies with contracted natural gas pipelines. With increasing demandRead More