Kansas City Southern (NYSE:KSU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday, Marketbeat.com reports.
According to Zacks, “Kansas City Southern's fourth quarter 2015 earnings (on an adjusted basis) of $1.23 per share declined 3% year over year. Moreover, the company's revenues declined 7% apart from missing the Zacks Consensus Estimate. The year-over-year decline in revenues can be primarily attributed to a 11% drop in revenues at the energy segment. The Industrial & Consumer Products generated revenues of $129.6 million, down 14% year over year. Intermodal revenues were $93.4 million, down 9% year over year. Uncertainty shrouding energy-related markets, foreign exchange fluctuations and the volatility in U.S. fuel prices will act as headwinds for the company going forward.”
Source: American Banking and Market News