Market Overview

UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Kirby Corporation

Related KEX
Can Microsoft (MSFT) Surprise this Earnings Season?
Can Texas Instruments (TXN) Surprise This Earnings Season?
Dow Transports Slump on Profit Taking, Economic Worries (Fox Business)

In a report published Friday, Jefferies reiterated its Buy rating on Kirby Corporation (NYSE: KEX), and raised its price target from $70.00 to $87.00.

Jefferies noted, “Kirby reported 4Q12 EPS of $1.03, including the United earn-out reversal credit of $0.09. Excluding the credit, Kirby would have reported 4Q12 EPS of $0.94 which still easily exceeded Street consensus of $0.86 as well as our estimate of $0.88 primarily due to strength in the coastal marine transportation business. Kirby also introduced 2013 EPS guidance of $4.00 to $4.20.”

Kirby Corporation closed on Thursday at $66.49.

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (KEX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters