Fly News Breaks for October 18, 2019
Oct 18, 2019 | 15:19 EDT
Seaport Global analyst Mark Levin reiterated a Buy rating on Kansas City Southern but raised his price target on the shares to $154 from $145 after the company reported "very strong" third quarter results. Levin said the bull case for the stock is that Kansas City Southern executes precision scheduled railroading successfully, the Mexican economy "doesn't implode," and the company grows its earnings per share to $9 by 2021. The analyst also said that the company is one of only several remaining margin enhancement stories in the space, adding that the company continues to post "strong" improvements in key service metrics such as gross velocity and dwell. Levin said the company is poised to provide better long-term earnings per share guidance once it completes its white-boarding exercise and could provide updated guidance as early as the next few months.
News For KSU From the Last 2 Days