Ken Hoexter

Bank of America Merrill Lynch’s Ken Hoexter mentioned that Kansas City Southern (NYSE: KSU) reported its 1Q results with the EPS beating the estimate and the consensus. Hoexter upgraded the rating on the company from Underperform to Buy, while raising the price objective from $77 to $160...

BofA Merrill Lynch’s Ken Hoexter said that the ratings for nearly half of the rails and trucks under coverage had been raised on account of “the stabilization of rail car loadings, uptick in our biweekly truck shipper survey, and historically relative attraction of valuation multiples...

In a note to clients on Tuesday, Bank of America analyst Ken Hoexter stated that a decline in crude oil prices could result in a lower than previously expected crude-by-rail volume growth rate from several Canadian Oil Sands projects in the second half of 2015 and in to 2016. As such, the...

In a report published Thursday, Bank of America analyst Ken Hoexter reiterated a Buy rating on Kansas City Southern (NYSE: KSU), and raised the price target from $128.00 to $135.00. In the report, Bank of America noted, “We hosted Kansas City Southern's CFO Michael Upchurch, as well as Bill...

In a report published Monday, Bank of America analyst Ken Hoexter reiterated a Buy rating on Canadian Pacific Railway Limited (NYSE: CP), and raised the price target from $225.00 to $245.00. In the report, Bank of America noted, “We reiterate our Buy and raise our target to $245. Rarely in our...

In a report published Friday, Bank of America analyst Ken Hoexter reiterated a Buy rating on Golar LNG Limited (USA) (NASDAQ: GLNG), and raised the price target from $75.00 to $110.00. In the report, Bank of America noted, “Golar LNG is benefiting from rising demand for its planned floating LNG...

Analysts at Bank of America downgraded shares of J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) to Underperform and lowered the price target to $75 from $81 on Monday. Ken Hoexter stated “We lower our opinion to Underperform from Neutral given the overhang of deteriorating rail service...

In a report published Monday, Bank of America analyst Ken Hoexter downgraded the rating on ArcBest Corp (NASDAQ: ARCB) from Buy to Neutral, and lowered the price target from $42.00 to $39.00. In the report, Bank of America noted, “We are lowering our rating on ARCB's shares to Neutral from Buy...

Bank of America analyst Ken Hoexter released a note reiterating Con-way's (NYSE: CNW) Neutral rating and raised its price target from $54 to $56 in reaction to its recently released earnings report. Hoexter wrote, “Con-way reported 2Q14 EPS of $0.91, a 34% increase year-over-year, and...

In a report published Thursday, Bank of America analyst Ken Hoexter reiterated a Neutral rating on World Fuel Services (NYSE: INT), and raised the price target from $49.00 to $51.00. In the report, Bank of America noted, “World Fuel Services posted adjusted 2Q14 EPS of $0.72, up 1% year-over-year,...

C.H. Robinson Worldwide's (NASDAQ: CHRW) second-quarter earnings beat moved the transportation sector broadly higher Wednesday. The sector has proven rocky recently, with the Dow Jones Transportation Index down in four of the past five trading days. In the bull market of the past five...

In a report published Wednesday, Bank of America analyst Ken Hoexter upgraded the rating on C.H. Robinson Worldwide (NASDAQ: CHRW) from Underperform to Neutral, and raised the price target from $52.00 to $68.00. In the report, Bank of America noted, “We raise our rating on CHRW's shares to Neutral...

In a report released early Tuesday morning, Bank of America analyst Ken Hoexter noted that Seaspan (NYSE: SSW) missed his estimates on both the top and bottom line. In response to the miss and on concerns of continued overcapacity and softness in the containership market, Hoexter has downgraded...