Kirby price target lowered to $109 from $122 at Evercore ISI

Evercore ISI lowered the firm’s price target on Kirby (KEX) to $109 from $122 and keeps an Outperform rating on the shares. Kirby’s inland barge fleet is facing headwinds with slowing demand and softer utilization, says the analyst, who lowered the firm’s 2025 and 2206 EPS forecasts to reflect “current market realities” and an assumption of no significant improvement in the core business in 2026. Upcoming Q3 results due on October 29 are “seen as a potential turning point to dispel bearish concerns and reinforce Kirby’s resilience in a challenging market environment,” the analyst added.