UPDATE: Credit Suisse Reiterates Outperform Rating, Lowers PT on Kansas City Southern on EPS Revisions

In a report published Tuesday, Credit Suisse analyst Allison M. Landry reiterated an Outperform rating on

, but lowered the price target from $128.00 to $122.00. In the report, Credit Suisse noted, "Defending the stock over the last 15 months has been challenging given the reset of expectations in early 2014 (off which KSU still managed to generate 20%+ EPS growth); uncertainty surrounding the Rail Reform Bill in Mexico (now put to rest); and finally, Monday's guidance cut. We appreciate investor concerns/frustrations, but as we think back to why we have always liked the stock (far before the 'emerging energy mania' took hold), the story is not only unchanged, but in some cases, has improved." Kansas City Southern closed on Monday at $106.48.