Cantor Fitzgerald Downgrades Kirby (KEX) to Hold; Lowers Estimates
More News related to KEX
- Morgan Keegan Downgrades Kirby (KEX) to Market Perform
- Kent Executes Gnaweeda Option Agreement with Teck Australia Pty Ltd
- Kent Executes Gnaweeda Option Agreement with Teck Australia Pty Ltd
- Kirby Corporation to Present at Stephens Inc. Fall Investment Conference
- Kent Exploration Inc.: Alexander River Exploration Program Commences, NI-43-101 Report Commissioned
Cantor Fitzgerald downgrades Kirby (NYSE: KEX) from Buy to Hold.
Cantor analyst says, "We lower our rating to HOLD (from BUY) as we believe the difficult operating environment will limit earnings upside over the next several quarters. We maintain our $30 price target, which is based on our 12.0x P/E multiple to our new 2009 EPS forecast of $2.46 (from $2.52)...We also lower our 2010 EPS and EBITDA forecast to $2.65 and $329 million (from $2.85 and $353 million), respectively."
Kirby Corporation is a marine transportation and diesel engine services company. The Company operates in two business segments: marine transportation and diesel engine services.
Related Categories
DowngradesStocks Mentioned
+0.08Related Entities
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!
