UPDATE: Stifel Upgrades Kansas City Southern (KSU) to Hold
Get Alerts KSU Hot Sheet
Rating Summary:
13 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 6
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Stifel upgraded Kansas City Southern (NYSE: KSU) from Sell to Hold and removed its price target (prior $90.00). Analyst John G. Larkin thinks the stock has been "sufficiently beaten down."
"We had been the bear of the Street on this name throughout the 2014 railroad bull market. We think the stock has been sufficiently beaten down for us to remove our Sell rating and mark the name as fully valued. Our rating had previously been predicated on poor company guidance related to overly optimistic expectations in oil, auto, and intermodal. Oil is now at its lowest level in years, automobile factory starts have been delayed, intermodal service is too poor to trump trucking, and the primary port of call is too small to warrant growth. We think this story has fully played out and in due time could potentially become interesting as those stories turn around," said Larkin.
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 $89.46 yesterday.
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