UPDATE: BMO Capital Markets Upgrades Kansas City Southern to Market Perform Following Pullback
BMO Capital Markets raises its rating on Kansas City Southern (NYSE: KSU) from Underperform to Market Perform and reiterates its $68 PT on shares.
BMO Capital Markets comments, "We are upgrading Kansas City Southern to Market Perform from Underperform based on valuation. The stock has pulled back approximately 18% from the post Q1/12 high and is down 16% over the past two weeks while its major Class 1 peers are down 6% on average. At the current level, the stock represents 5.1% upside to our price target of $68."
KSU closed at $65.42 on Thursday.
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