Kansas City Southern (KSU) PT Lowered to $122 at Credit Suisse
Get Alerts KSU Hot Sheet
Rating Summary:
13 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 14 | New: 16
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Credit Suisse analyst A. Landry lowered estimates and his price target on Kansas City Southern (NYSE: KSU) to $122.00 (from $128.00) following yesterday's warning but maintained am Outperform rating.
Landry commented, "Defending the stock over the last 15 months has been challenging given the reset of expectations in early 2014 (off which KSU still managed to generate 20%+ EPS growth); uncertainty surrounding the Rail Reform Bill in Mexico (now put to rest); and finally, Monday's guidance cut. We appreciate investor concerns/frustrations, but as we think back to why we have always liked the stock (far before the 'emerging energy mania' took hold), the story is not only unchanged, but in some cases, has improved."
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 $106.48 yesterday.
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