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Fly News Breaks for July 29, 2016
KEX
Jul 29, 2016 | 09:44 EDT
Stephens analyst Jack Atkins lowered his price target for Kirby to $63 from $75 after the company lowered its annual EPS guidance again, the fifth time in seven quarters. The analyst says it is unclear if the inventory overhand and competitive pricing dynamics are a short-term issue or a longer-term problem. Atkins continues to believe in the long-term value and earnings power of the business. He reiterates an Overweight rating on the shares.
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