Goldman Sachs Reinstates Buy on Kinder Morgan, Announces $20 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst John Mackay has reinstated Kinder Morgan (NYSE:KMI) with a Buy rating and announced a $20 price target.
October 06, 2023 | 10:32 am
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Goldman Sachs has reinstated Kinder Morgan with a Buy rating and a $20 price target, which could positively impact the stock's performance.
Analyst ratings and price targets can significantly influence a stock's performance. In this case, Goldman Sachs, a highly influential financial institution, has reinstated Kinder Morgan with a Buy rating and set a $20 price target. This suggests that they believe the stock is undervalued at its current price and has the potential to reach or exceed $20. This could lead to increased investor interest and buying pressure, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100