This Dividend Stock Has Up to 25% Upside, According to Wall Street
Kinder Morgan (NYSE: KMI) has performed relatively well during the bear market. Shares of the energy infrastructure giant have risen about 11% since the stock market peaked early last year. That has significantly outperformed the broader market. The S&P 500 is down 15% during that timeframe. Add in the company's more than 6%-yielding dividend, and its total return was an even more impressive 19%.
Several Wall Street analysts see even more upside for the stock. Here's what's fueling that view.
Bernstein analyst Jean Ann Salisbury recently upgraded Kinder Morgan's shares from market perform to outperform. The analyst also raised their price target on the stock from $19 to $22. That implies nearly 25% upside from the recent price of around $17.50 a share.
Source Fool.com
