World Fuel Services (INT -10.3%) plunges after Q4 earnings were hurt by softness in its marine...

|About: World Fuel Services Corpora... (INT)|By:, SA News Editor

World Fuel Services (INT -10.3%) plunges after Q4 earnings were hurt by softness in its marine and land businesses. "Although we believe the shortfall in land income was likely temporary, we are concerned that the prolonged shipping market trough could continue to pressure profitability at the marine unit well into 2013," Evercore analysts say, cutting their price target to $41 from $45.