Analyst Ben Mohr from Citi maintained a Buy rating on Kirby and keeping the price target at $147.00.
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Ben Mohr has given his Buy rating due to a combination of factors tied to both industry fundamentals and geopolitical dynamics. He expects that tensions around Iran and potential disruptions in the Strait of Hormuz will widen European refining margins, which historically spill over into higher U.S. crack spreads, ultimately stimulating refined product output that Kirby is well positioned to transport within North America.
At the same time, he highlights structurally favorable supply conditions in the U.S. barge market, where limited new vessel additions and matching retirements keep capacity tight and support stronger pricing. Management’s outlook, shared at Citi’s recent industrials conference, points to rising spot barge rates through 2026 and gradually improving contract rates, reinforcing the view that Kirby’s earnings and share price can continue to advance from here.
According to TipRanks, Mohr is a 4-star analyst with an average return of 17.3% and a 94.44% success rate. Mohr covers the Industrials sector, focusing on stocks such as Kirby, Westinghouse Air Brake Technologies, and GATX.
In another report released on February 21, TipRanks – Google also reiterated a Buy rating on the stock with a $148.00 price target.