Citi initiates coverage on tank barge operator Kirby with 'neutral'
ReutersSep 22, 2025 12:42 PM
Citi initiates coverage on tank barge operator Kirby KEX.N with "neutral" rating; PT at $91
New PT represents upside of 8.3% on stock's last close
Citi says current supply-side discipline driving low barge building evidenced by rising industrial fleet age
Median PT of four brokerages is $124 - data compiled by LSEG
Kirby's shares rise 0.3% to $84.3 in premarket trading
As of last close, shares down nearly 21% YTD
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