UPDATE: Credit Suisse Lowers Price Target On Kansas City Southern On EPS Revisions

In a report published Monday, Credit Suisse analyst Allison M. Landry reiterated an Outperform rating on Kansas City Southern KSU, but lowered the price target from $127.00 to $125.00 price target. In the report, Credit Suisse noted, “Our FY15 EPS estimate decreases to $5.54 from $5.61 (with a higher tax rate explaining $0.04/sh of the reduction). Our FY16 and FY17 EPS estimates fall to $6.45 and $7.43, from $6.60 and $7.67, respectively. Our DCF-derived target price is $125 (from $127), due to lower base year (2016) EBIT - which implies ~16% upside. Maintain Outperform.” Kansas City Southern closed on Friday at $107.79.