Jefferies lowers Kinder Morgan price target after valuation review

jp.investing.com (Japanese)

Jefferies lowered Kinder Morgan's price target to $34 from $36, maintaining a hold rating. Kinder Morgan exceeded expectations in Q1 2026, with adjusted EBITDA surpassing Jefferies' and consensus estimates. The company indicated its 2026 EBITDA may exceed budget. Jefferies raised 2026 adjusted EBITDA forecasts and sees management's positive tone countering skepticism about guidance. The new target reflects updated valuation multiples.


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Jefferies lowers Kinder Morgan price target after valuation review | News Minimalist