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Fly News Breaks for September 20, 2016
KEX
Sep 20, 2016 | 07:23 EDT
As reported earlier, RBC Capital upgraded Kirby to Outperform from Sector Perform. Analyst John Barnes believes that inland barging fundamentals "are nearing a bottom and should begin to rebound within the next few quarters." Barnes says that the company could also benefit from M&A and a "potential uptick in liquid volumes stemming from the U.S. Gulf Coast petro-chemical buildout." Target $68.
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