Kirby: Jefferies drops 'buy' rating
(CercleFinance.com) - An analyst at Jefferies today that he is downgrading the share of maritime group Kirby Corporation from "buy" to "hold".
"Kirby introduced underwhelming 2020 EPS guidance ($2.60-$3.40) which reflects an improving marine transportation business but further slowing D&S business," the broker laments.
Jefferies has also cut its target price for the share from 95 dollars to 85 dollars.
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"Kirby introduced underwhelming 2020 EPS guidance ($2.60-$3.40) which reflects an improving marine transportation business but further slowing D&S business," the broker laments.
Jefferies has also cut its target price for the share from 95 dollars to 85 dollars.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.