From Earlier: BMO Capital Markets Downgrades Kansas City Southern
BMO Capital Markets downgraded Kansas City Southern (NYSE: KSU) from Market Perform to Underperform in a research report published today. BMO Capital Markets has a $68 price target on the company.
In the report, BMO Capital Markets stated, "We are fans of KSU and believe that a premium valuation is justified on the basis of strong execution, improved balance sheet and the secular growth trends that underpin the company's volume and pricing outlook. However, at current levels, we are downgrading KSU to Underperform."
Shares of Kansas City Southern closed today at $78.30, up 1.66% from Monday's market close.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.