Kirby shares are trading higher after Wolfe Research initiated coverage on the stock with an Outperform rating and a price target of $126.
Portfolio Pulse from Benzinga Newsdesk
Kirby Corporation's stock (KEX) is trading higher following Wolfe Research's initiation of coverage with an Outperform rating and a $126 price target.
April 22, 2024 | 3:06 pm
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POSITIVE IMPACT
Kirby Corporation's stock is expected to experience positive momentum in the short term due to Wolfe Research's Outperform rating and ambitious $126 price target.
Analyst ratings, especially those initiating coverage, can significantly influence investor sentiment and stock prices. Wolfe Research's Outperform rating and the high price target suggest a strong bullish outlook for Kirby Corporation, likely leading to increased investor interest and potentially higher stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100