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Fly News Breaks for January 15, 2016
KEX
Jan 15, 2016 | 07:10 EDT
Stephens analyst Jack Atkins lowered his estimates for Kirby for both FY16 and FY17 to reflect pressures in both its Inland Marine and Coastal businesses and cut his price target on the stock to $66 from $95. However, Atkins keeps an Overweight rating on the stock, as he believes Kirby is poised for significant multiple expansion once investors think fundamentals have bottomed.
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