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Stock Market & Financial Investment News

News Breaks
March 17, 2014
05:57 EDTKMP, KMR, KMIKinder Morgan Management downgraded to Market Perform at Wells Fargo
Wells Fargo downgraded Kinder Morgan Management to Market Perform from Outperform citing limited near-term catalysts and the potential for negative headline risk from increased scrutiny into Kinderís presentation of certain financial metrics. Wells lowered its price target range for shares to $66-$71 from $81-$86. Wells also lowered its price target range for Kinder Morgan Energy (KMP) shares to $71-$76 from $81-$86 and for Kinder Morgan (KMI) to $31-$34 from $34-$37. All stocks are now Market Perform rating.
News For KMR;KMP;KMI From The Last 14 Days
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February 1, 2016
11:45 EDTKMIKinder Morgan closes acquisition of 15 BP terminals
Kinder Morgan, Inc. (KMI) closed the previously announced plan to acquire 15 refined products terminals from BP Products North America (BP) in a transaction valued at approximately $350M. Kinder Morgan and BP Products North America have also formed a joint venture limited liability company terminal business to own 14 of the acquired assets, which Kinder Morgan will operate and market on the JV's behalf. The fifteenth terminal will be owned and operated solely by KMI. In connection with the transaction, BP has entered into commercial agreements securing long-term storage and throughput capacity from the JV, which will market additional capacity to third-party customers. Kinder Morgan owns a 75% interest in the JV, with BP owning the balance. This investment is included in Kinder Morgan's 2016 capital plan as discussed in its Jan. 27 investor conference, the company noted.

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