BMO Capital Cuts Estimates on Kansas City Southern (KSU); Reiterates Market Perform
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
BMO Capital reiterated a Market Perform rating and $98.00 price target on Kansas City Southern (NYSE: KSU) after adjusting estimates. KSU’s volumes are expected to be down 3.8% y/y in 3Q16. BMO cut EPS estimates by $0.09 to $1.18 compared to the Street at $1.23.
Analyst Fadi Chamoun commented, "We are lowering our Q3/16 EPS estimate for Kansas City Southern to $1.18 (consensus is $1.23) from $1.27. While we expect revenues to be in line with our expectations this quarter, we believe that costs will be higher, in large part due to flooding disruptions and the associated rerouting expenses, as well as higher incentive compensation. We rate KSU Market Perform."
Shares of Kansas City Southern closed at $93.32 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Mizuho Securities Downgrades Under Armour, Inc. (UA) to Neutral Citing Structural Margin Challenges
- Juniper Networks (JNPR): Service Provider Drives Upside - BMO
- Graphic Packaging (GPK) PT, Estimates Trimmed at Jefferies Post Q3
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change
Related EntitiesBMO Capital
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!