BofA/Merrill Lynch Downgrades Kirby (KEX) Two Notches to Underperform
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Price: $138.00 -1.97%
Rating Summary:
14 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 26 | Down: 25 | New: 65
Rating Summary:
14 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 26 | Down: 25 | New: 65
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BofA/Merrill Lynch downgraded Kirby Corporation (NYSE: KEX) from Buy to Underperform with a price target of $72.00 (from $86.00). The change follows Q1 results. Analyst Ken Hoexter noted pricing pressure led to softer outlook, and he trimmed FY15/16 EPS estimates to $4.25/$4.80 (from $4.75/$5.65).
For an analyst ratings summary and ratings history on Kirby Corporation click here. For more ratings news on Kirby Corporation click here.
Shares of Kirby Corporation closed at $78.53 yesterday.
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