Market Overview

UPDATE: BMO Capital Markets Downgrade Kansas City Southern on Valuation

Share:
Related KSU
Q3 Earnings Drags Transport ETFs Lower
Josh Brown Likes Kansas City Southern And Stephen Weiss Is Bullish On Lowe's

BMO Capital Markets reduced its rating on Kansas City Southern (NYSE: KSU) from Market Perform to Underperform with a reiterated $70 price target.

BMO Capital Markets commented, "We are lowering our rating to Underperform from Market Perform on the basis of the following: (1) valuation appears to be at its peak versus the 5-year historical average and relative to the overall market and offers little room for upside, and (2) earnings estimates for Q4/12 and 2013 appear somewhat optimistic. We expect modest downward earnings revisions given weaker agriculture and coal segments and a generally slowing economy."

Kansas City Southern closed at $83.95 on Friday.

Latest Ratings for KSU

DateFirmActionFromTo
Nov 2017Goldman SachsInitiates Coverage OnNeutral
Oct 2017BarclaysMaintainsEqual-Weight
Oct 2017Loop CapitalMaintainsBuy

View More Analyst Ratings for KSU
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (KSU)

View Comments and Join the Discussion!

Partner Center