
Kirby is rated HOLD at $140.82, with a base sum-of-the-parts target of $155.23 and moderate near-term upside. KEX's marine segment drives profits, but Distribution & Services shows real growth; data center exposure is not yet core to the thesis. Operational recovery is evident: Q3 marine revenue is up 17%, operating profit is up 26%, but cash conversion and margin sustainability remain key.










