7/102 sources · 2 publishersUpdated Oct 22, 16:47 UTC
Freedom Broker upgrades Kinder Morgan to Buy and raises price target to $39
Freedom Broker lifted its rating on Kinder Morgan Inc. from Hold to Buy, increasing the price target from $34 to $39. The upgrade follows third‑quarter 2026 results that beat revenue estimates by 3.6% and adjusted earnings per share by 9.4%. Management highlighted a $14.4 billion project backlog and a dividend yield of about 3.5%.
Why it matters
The upgrade and higher price target signal analyst confidence in stronger earnings and growth visibility, which could lift the stock price. The expanded backlog and dividend yield may attract income‑focused investors.
Key facts
- 1Freedom Broker upgraded Kinder Morgan to Buy from Hold and raised the price target to $39 from $34. gurufocus.com
- 2Q3 2026 revenue beat consensus estimates by 3.6%. investing.com
- 3Adjusted EPS beat consensus by 9.4%, reporting $0.35 versus the $0.32 forecast. investing.com
- 4The company’s project backlog increased to $14.4 billion. investing.com
- 5Kinder Morgan offers a dividend yield of roughly 3.5% (3.53% reported). gurufocus.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.