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Sept. 10, 2019, 11:24 a.m. EDT

Kinder Morgan stock downgraded to neutral at Argus

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By Claudia Assis

Analysts at Argus on Tuesday downgraded the stock of Kinder Morgan Inc. /zigman2/quotes/208455654/composite KMI +0.20% to their equivalent of neutral, from buy. With prices for crude oil, natural gas and natural gas liquids trending lower, Kinder Morgan's volume and capacity demand will be restricted, the analysts said. "As a result, we see the potential for further reductions in KMI's adjusted EBITDA rate, which should lead to a lower earnings growth rate in the near-term," they said. The neutral rating is appropriate "until commodity markets begin to mount a sustainable rebound," the analysts said. Shares of Kinder Morgan have gained 31% this year, compared with gains of 18% for the S&P 500 index. /zigman2/quotes/210599714/realtime SPX +1.00%

/zigman2/quotes/208455654/composite
US : U.S.: NYSE
$ 20.18
+0.04 +0.20%
Volume: 13.82M
Oct. 15, 2019 4:10p
P/E Ratio
20.22
Dividend Yield
4.96%
Market Cap
$45.59 billion
Rev. per Employee
$1.30M
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/zigman2/quotes/210599714/realtime
US : S&P US
2,995.68
+29.53 +1.00%
Volume: 1.66B
Oct. 15, 2019 4:20p
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