Kansas City Southern recent sell-off overdone, says Citigroup Citigroup believes the recent sell-off in shares of Kansas City Southern is overdone and sees a compelling entry point at current levels. The firm thinks the legislation passed by Mexico's House of Deputies on February 4 represents the worst case scenario and that the final bill is likely to be less impactful to the rails. Citi raised its price target for KSU shares to $115 from $112 and reiterates a Buy rating on the stock.
News For KSU From The Last 14 Days
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Kansas City Southern upgraded at Macquarie As previously reported, Macquarie upgraded Kansas City Southern to Neutral from Underperform. The firm upgraded shares based on heavy crude start-ups in Baton Rouge and Beaumont and ethylene project updates to drive growth. Price target raised to $114 from $106.