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Fly News Breaks for April 14, 2015
KEX
Apr 14, 2015 | 07:17 EDT
Credit Suisse said weakness in Kirby shares from the collapse in oil and Diesel Engine Services, and stalling inland barge rates is reflected in shares and overblown. The firm said inland pricing has stalled but margins remain healthy, Diesel Engine Services is only 11% of EBITDA, and the U.S. economy is more impactful on the inland barge business than oil prices. Shares are Outperform rated with a $90 price target.
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