New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
May 18, 2015
10:01 EDTKSUOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:56 EDTKSUKansas 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.
06:47 EDTKSUKansas City Southern downgraded to Neutral from Buy at BofA/Merrill
May 15, 2015
10:01 EDTKSUOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:31 EDTKSUKansas City Southern downgraded at Credit Suisse
Subscribe for More Information
06:09 EDTKSUKansas City Southern downgraded to Neutral from Outperform at Credit Suisse
Subscribe for More Information
May 14, 2015
09:19 EDTKSUKansas City Southern drops after withdrawing 2015 revenue, volume guidance
Subscribe for More Information
09:10 EDTKSUKansas City Southern to reevaluate providing revenue, volume guidance in 2016
Subscribe for More Information
09:05 EDTKSUKansas City Southern board authorizes $500M share repurchase program
Subscribe for More Information
09:05 EDTKSUKansas City Southern withdrawing 2015 revenue, volume guidance
On May 14, at the Bank of America Merrill Lynch Transportation Conference, Kansas City Southern EVP and CFO, Michael W. Upchurch, will provide a business update. As noted in Upchurch’s presentation, the company is withdrawing its 2015 revenue and volume guidance primarily due to the uncertainty around energy-related markets, foreign exchange impacts, and U.S. fuel prices. The company is reiterating its operating ratio target of low-60s by 2017.
May 13, 2015
10:46 EDTKSURail estimates lowered at Wolfe Research
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use