UBS Raises Price Target on Kansas City Southern (KSU) Following 2Q Report; Reiterates Buy
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Rating Summary:
13 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 6 | New: 8
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UBS reiterated a Buy rating on Kansas City Southern (NYSE: KSU), and raised the price target to $111.00 (from $108.00), following the company's 2Q report. KSU reported EPS of $1.01, slightly below the $1.03 consensus.
Analyst Thomas Wadewitz commented, "KSU's 2Q EPS report was noisy due to the $34 mm pre-tax gain from an unexpected fuel tax rebate in Mexico. Excluding this gain the $1.01/share EPS was slightly below Consensus of $1.03 and above our estimate of $0.99/share. KSU incurred $3 mm of detour costs related to a bridge outage but also benefited from a $5 mm insurance recovery (from a 1Q flooding issue) in the quarter."
For an analyst ratings summary and ratings history on Kansas City Southern click here. For more ratings news on Kansas City Southern click here.
Shares of Kansas City Southern closed at $97.42 yesterday.
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