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Stock Market & Financial Investment News

News Breaks
February 27, 2013
11:52 EDTKSUKansas City Southern jumps after report of crude terminal deal
Train operator Kansas City Southern (KSU) is climbing after Credit Suisse analyst Allison Landry wrote in a note to investors earlier today that the company has said it's conducting "very serious negotiations" with an energy company about developing a crude oil terminal in Port Arthur, Texas. The facility would handle five trains per day and become a major destination point for heavy crude from Canada, the analyst wrote. As a result of this developing deal, the company's revenue from transporting crude oil will be significantly higher than expected, the analyst believes. She maintained an Outperform rating on the stock. Meanwhile, Wells Fargo analyst Anthony Gallo wrote that the Port Arthur location is favorable because of its proximity to chemical and crude oil processing markets. However, the company would likely obtain significantly less than $3,000 per train car of crude, which is the amount that other railroad companies have received, the analyst wrote. Nevertheless, the construction of a crude oil terminal in Port Arthur would be "very beneficial" to Kansas City Southern, wrote Gallo, who maintained an Outperform rating on the stock. In late morning trading, Kansas City Southern jumped $9, or 9%, to $107.
News For KSU From The Last 14 Days
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November 19, 2014
11:14 EDTKSUCowen airfreight/surface & rail analysts hold analyst/industry conference call
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November 12, 2014
08:05 EDTKSUGoldman to hold a conference
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