UBS reiterated a Buy rating on Kansas City Southern (NYSE: KSU), and cut the price target to $105.00 (from $111.00), following the company's 3Q15 earnings results. KSU stock fell 10.8% following KSU's in-line results.

Analyst Thomas Wadewitz commented, "In response to an in-line 3Q result and solid commentary on 4Q, KSU stock fell a remarkable 10.8% (vs the S&P 500 +0.5%) on Friday. We believe the greatest concerns were KSU's outlook for flat auto volumes in 2016 and questions about potential headwinds to KSU's pricing. We note the reduction in our auto volume growth assumption for 2016 from +7% to -1% only translates to $17 mm revenue & $0.05/share EPS impact. We believe the move down in KSU reflects broader growth & valuation concerns."

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 $87.37 yesterday.