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Upgrade Alert for Kinder Morgan (KMI)

By David Diaz

Kinder Morgan (NYSE:KMI) was upgraded from Equal Weight to Overweight at Morgan Stanley today. The stock closed yesterday at $22.71 on volume of 22.9 million shares, above average daily volume of 18.1 million.

There is potential upside of 56.0% for shares of Kinder Morgan based on a current price of $22.71 and an average consensus analyst price target of $35.43. The stock should hit resistance at its 200-day moving average (MA) of $22.83, as well as support at its 50-day MA of $18.07.

Kinder Morgan share prices have moved between a 52-week high of $43.34 and a 52-week low of $11.20 and closed yesterday at 103% above that low price at $22.71 per share. Over the past week, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has remained constant.

Kinder Morgan Inc. is a pipeline transportation and energy storage company. The Company owns and operates pipelines that transport natural gas, gasoline, crude oil, carbon dioxide and other products, and terminals that store petroleum products and chemicals and handle bulk materials like coal and petroleum coke.

SmarTrend recommended that subscribers consider buying shares of Kinder Morgan on January 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.24. Since that recommendation, shares of Kinder Morgan have risen 42.8%. We continue to monitor KMI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades Kinder Morgan

Ticker(s): KMI