Why Kirby Corp. Rallied Today
Shares of Kirby Corp. (NYSE: KEX) rallied 15.6% on Wednesday as of 1 p.m. ET.
Kirby Corporation has an interesting mix of industrial businesses. Its traditional business is in tank barges that transport petroleum products and chemicals primarily along the Gulf Coast and Mississippi River system, but also on both U.S. coasts, Hawaii, and Alaska.
But the company also has another business distributing and servicing engines, transmissions, and other power equipment, with a fast-growing segment that sells specialized power generation equipment and transmission equipment, and is benefiting from artificial intelligence (AI) data center-related hypergrowth.
Source Fool.com
Kirby Corp. Stock
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0.850%
With 11 Buy predictions and not the single Sell prediction the community is currently very high on Kirby Corp..
At the moment Kirby Corp. has reached the predicted target price of 120 €, with a current price of 119.0 €.
