Kansas City Southern added to Focus List at Credit Suisse Credit Suisse believes Kansas City Southern's earnings are at an inflection point and that new business opportunities will re-accelerate growth substantially. Shares are Outperform rated with a $100 price target.
Kansas City Southern downgraded due to lower volumes at BofA/Merrill As previously reported, BofA/Merrill downgraded Kansas City Southern to Neutral from Buy and lowered its price target to $97 from $116. The firm said Kansas City Southern already pulled guidance and Q2 carloads to date are down 7%, versus its 1% growth forecast and coal carloads are down 44%, below its forecast of down 7%, due to large customer. Luminent, being virtually shut-down due to low natural gas prices.