- 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.
Kinder Morgan issues not fully resolved, Jefferies says
Sep 19 2013, 07:55 ET