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Kinder Morgan Stock Has 11% Upside, According to 1 Wall Street Analyst

TheMotleyFool

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Kinder Morgan Stock Has 11% Upside, According to 1 Wall Street Analyst: https://g.foolcdn.com/editorial/images/770559/several-pipelines-heading-off-into-the-distance.jpg

Truist Securities recently downgraded shares of natural gas pipeline giant Kinder Morgan (NYSE: KMI). Analyst Neal Dingmann cut his rating on the stock from buy to hold while also trimming the price target from $22 to $20 per share.

Despite that downgrade, the analyst still sees about an 11% upside in the pipeline stock from its recent price of just under $18 per share. The stock also offers an attractive 6.3% dividend yield.

While Truist's Dingmann lost some bullish on Kinder Morgan's upside potential, it's easy to see why he believes shares could rise more than 11% from their current level. The stock has a dirt-cheap valuation.

Source Fool.com

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