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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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January 26, 2015
10:00 EDTKSUOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Axle (AXL) upgraded to Overweight from Neutral at JPMorgan... Bed Bath & Beyond (BBBY) upgraded to Outperform from Perform at Oppenheimer... DRDGOLD (DRD) upgraded to Neutral from Underweight at JPMorgan... DealerTrack (TRAK) upgraded to Buy from Hold at Stifel... DreamWorks Animation (DWA) upgraded to Buy from Neutral at B. Riley... First Niagara (FNFG) upgraded to Buy from Hold at Jefferies... Fortinet (FTNT) upgraded to Buy from Neutral at Citigroup... Garmin (GRMN) upgraded at RBC Capital... Harmony Gold (HMY) upgraded to Overweight from Neutral at JPMorgan... Invesco (IVZ) upgraded to Positive from Neutral at Susquehanna... Kansas City Southern (KSU) upgraded at Raymond James... McDonald's (MCD) upgraded to Overweight from Equal Weight at Stephens... Melco Crown (MPEL) upgraded to Buy from Hold at Union Gaming... Monro Muffler (MNRO) upgraded to Neutral from Reduce at SunTrust... Pier 1 Imports (PIR) upgraded to Outperform from Perform at Oppenheimer... Piper Jaffray (PJC) upgraded to Neutral from Underperform at Macquarie... Randgold (GOLD) upgraded to Overweight from Neutral at JPMorgan... Rockwell Collins (COL) upgraded to Buy from Hold at Argus... Telefonica (TEF) upgraded to Neutral from Underperform at BofA/Merrill... Triumph Group (TGI) upgraded at RBC Capital... Unilever (UL) upgraded to Buy from Underperform at BofA/Merrill... WWE (WWE) upgraded to Neutral from Underperform at Macquarie.
09:08 EDTKSUKansas City Southern upgraded at Raymond James
As previously reported, Raymond James upgraded Kansas City Southern to Strong Buy from Outperform. The firm believes Kansas City Southern remains one of the fastest growth in North American railroads given Mexican automotive and optionality from Mexican energy reform, intermodal, crude by rail, and solid pricing and margin opportunities. Price target raised to $126 from $123.
06:54 EDTKSUKansas City Southern upgraded to Strong Buy from Outperform at Raymond James
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January 23, 2015
09:21 EDTKSUOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Infinera (INFN), up 13.2%... E-Trade (ETFC), up 5.6%... Starbucks (SBUX), up 5%... ResMed (RMD), up 3.2%. ALSO HIGHER: IVUS (VVUS), up 6.2% after being initiated with an Outperform at RBC Capital... Vitae Pharmaceuticals (VTAE), up 12.3% after 3M share Secondary priced at $11.90... lululemon (LULU), up 3.5% after being upgraded to Overweight from Neutral at JPMorgan. DOWN AFTER EARNINGS: Kimberly Clark (KMB), down 4.6%... Bank of New York Mellon (BK), down 2.1%... Altera (ALTR), down 4.4%... Kansas City Southern (KSU), down 3.3%... McDonald's (MCD), down fractionally. ALSO LOWER: LeapFrog (LF), down 32.8% after reporting preliminary third quarter results and withdrawing fiscal 2015 guidance... Molycorp (MCP), down 10.7% after being downgraded to Neutral from Buy at DA Davidson... Dreamworks (DWA), down 12% after announcing that it will cut 500 jobs, reduce films released per year, and seeing a $55M charge for 'The Penguins of Madagascar' and 'Mr. Peabody and Sherman'... Otonomy (OTIC), down 1.8% after secondary increased to 2.55M shares, priced at $29.25.
08:58 EDTKSUKansas City Southern not providing EPS guidance
Kansas City Southern CEO Dave Starling stated that the company is returning to its original format of not providing EPS guidance. Comments from Q4 earnings conference call.
08:49 EDTKSUKansas City Southern sees mid-single digit revenue growth in FY15
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08:04 EDTKSUKansas City Southern 'well positioned' to maintain growth momentum in 2015
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08:03 EDTKSUKansas City Southern reports Q4 adjusted EPS $1.27, consensus $1.23
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January 22, 2015
15:32 EDTKSUNotable companies reporting before tomorrow's open
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08:11 EDTKSUKansas City Southern January weekly volatility elevated into Q4 and outlook
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