Kinder Morgan shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $23 to $27.
Portfolio Pulse from Benzinga Newsdesk
Kinder Morgan shares rose following an upgrade by B of A Securities from Neutral to Buy, with a price target increase from $23 to $27.
October 11, 2024 | 2:49 pm
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POSITIVE IMPACT
B of A Securities upgraded Kinder Morgan from Neutral to Buy, increasing the price target from $23 to $27, leading to a rise in share price.
The upgrade from Neutral to Buy by a major financial institution like B of A Securities is a strong positive signal for investors, likely leading to increased buying interest. The raised price target further supports a positive outlook, contributing to the stock's upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100