Kinder Morgan issues not fully resolved, Jefferies says

|About: Kinder Morgan, Inc. (KMI)|By:, SA News Editor

Questions around Kinder Morgan's (KMI) maintenance capex practices and the capex treatment of acquired assets have not been fully resolved after yesterday's conference call with CEO Richard Kinder, Jefferies says.

As a result, the firm does not expect the Kinder family of companies to outperform peers; it maintains its Hold rating and $38 price target on KMI, preferring Williams Cos. (WMB) and Targa Resources (TRGP).

In the premarket, KMI +0.4%, KMP +0.1%, KMR -0.6%, EPB flat.