TD Securities lowered shares of Kinder Morgan Canada (TSE:KML) from a buy rating to a hold rating in a report published on Tuesday morning. TD Securities currently has C$17.50 target price on the stock, down from their previous target price of C$24.00.
KML has been the topic of several other research reports. CIBC lowered Kinder Morgan Canada from an outperform rating to a neutral rating and cut their price target for the company from C$23.00 to C$22.00 in a research note on Tuesday. National Bank Financial raised their price target on Kinder Morgan Canada from C$17.00 to C$19.00 and gave the company a sector perform rating in a research note on Monday, January 29th. Finally, Scotiabank cut their price target on Kinder Morgan Canada from C$24.00 to C$23.00 and set an outperform rating on the stock in a research note on Thursday, January 18th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of C$20.42.
Shares of Kinder Morgan Canada stock opened at C$17.50 on Tuesday. Kinder Morgan Canada has a 12 month low of C$14.93 and a 12 month high of C$20.00.
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About Kinder Morgan Canada
Kinder Morgan Canada Ltd is a Canada-based energy infrastructure company. The Company operates the Business, comprised of a number of pipeline systems and terminal facilities including the Trans Mountain pipeline, the Canadian portion of the Cochin pipeline, the Puget Sound and Trans Mountain Jet Fuel pipelines, the Westridge marine and Vancouver Wharves terminals in British Columbia as well as various crude oil loading facilities in Edmonton, Alberta.
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