UPDATE: Seaport Global Securities Starts Kansas City Southern (KSU) at Accumulate
Get Alerts KSU Hot Sheet
Rating Summary:
13 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
Seaport Global Securities initiated coverage on Kansas City Southern (NYSE: KSU) with an Accumulate rating and a price target of $104. Analyst Mark A. Levin thinks concerns create opportunity.
"Our target assumes the shares trade to 20x our 2017 EPS estimate of $5.20. With volumes likely to improve in Q4 and the first half of 2017 (absent a recession), we expect growth investors will eventually return to KSU. What's notable is that the relative premium at which KSU trades to other Class I rails has compressed meaningfully as investors have gravitated to names with cheaper multiples and/or more potential upside from coal. We think this creates an opportunity to buy the best growth story in the space at a reasonable price," said Levin.
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 $92.58 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA Securities Starts GE Vernova (GEV) at Neutral, 'Multiyear turnaround amid positive demand backdrop'
- KKR Real Estate Financial Trust (KREF) PT Lowered to $12 at JMP Securities
- Boston Scientific (BSX) PT Raised to $83 at Stifel
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, New CoverageSign 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!