Information Provided By: 
Fly News Breaks for January 31, 2020
KEX
Jan 31, 2020 | 06:16 EDT
BofA analyst Ken Hoexter downgraded Kirby to Neutral from Buy with an $84 price target after its Q4 earnings miss and disappointing FY20 guidance. The analyst attributes the wide range in the company's outlook to the unknown level of new frac equipment orders and notes that he was "overly bullish" on inland marine margin expectations. Hoexter still contends that Kirby will "rebuild a base" over the next few months before generating growth in 2021, but lowers his FY20 EPS outlook by 20% as part of the downgrade in the mean time.
News For KEX From the Last 2 Days
There are no results for your query KEX
