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Fly News Breaks for January 25, 2019
KEX
Jan 25, 2019 | 07:26 EDT
BTIG analyst Greg Lewis initiated Kirby with a Neutral rating, saying that while the company's inland barge market has turned the corner following a multi-year downturn, the uncertainty around its Distribution and Services businesses should remain a headwind in the near term. The analyst also notes Kirby's valuation multiple of 22-times his expected forward earnings, which is already 15% below consensus, while its historical multiple relative to forward earnings is 19- to 21-times.