World Kinect price target lowered to $33 from $35 at Raymond James

Raymond James lowered the firm’s price target on World Kinect (WKC) to $33 from $35 and keeps an Outperform rating on the shares. Raymond James sees upside as the core business improves through self-help and as management opportunistically deploys capital and thinks World Kinect can execute despite the volatile macro, the analyst tells investors in a research note.