During Wednesday’s Afternoon trade, Shares of Kinder Morgan, Inc. (NYSE:KMI), lost -0.37% to $39.35.
Kinder Morgan stock price target was lowered to $43 from $44 by analysts at Jefferies who maintained their “hold” rating.
“Global S/D data indicates oil markets remain oversupplied yet the Brent price has rallied >40% since its January low,” analysts noted.
Additionally, YTD U.S. propane S/D has not materially deviated from analysts’ initial projections. While export facility utilization rates have declined, strong domestic demand has done a good job of supplanting the shortfall, they added.
Kinder Morgan, Inc. operates as an energy infrastructure and energy company in North America. The company operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments.
Shares of General Motors Company (NYSE:GM), declined -0.81% to $35.32, during its current trading session.
General Motors Company, said on Tuesday it is using old batteries from its first-generation Chevrolet Volt extended-range electric car for secondary purposes including powering an office building, according to Reuters.
The company, which is close to launching the second-generation Volt hybrid plug-in car, said repurposed five used batteries from the first-generation Volt are powering the General Motors Enterprise Data Center at its Milford Proving Ground.
“Even after the battery has reached the end of its useful life in a Chevrolet Volt, up to 80 percent of its storage capacity remains,” said Pablo Valencia, senior manager, battery life cycle administration.
GM said it is working on the secondary functions of Volt batteries with partners to test systems for other commercial and non-commercial uses. Reuters Reports.
General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. It operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments.
Finally, The Walt Disney Company (NYSE:DIS), lost -0.07%, and is now trading at $110.98.
Walt Disney Animation Studios declared its most exciting presence at D23 EXPO yet. The event, presented by D23: The Official Disney Fan Club, will take place August 14–16 at the Anaheim Convention Center.
The Walt Disney Company, together with its auxiliaries, operates as an entertainment company worldwide. The company operates in five segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive.
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