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Fly News Breaks for January 22, 2018
KEX
Jan 22, 2018 | 06:17 EDT
Wells Fargo analyst Michael Webber upgraded Kirby to Outperform from Market Perform and raised his price target for the shares to $83 from $61. The analyst sees an improving risk/reward profile with the company's inland comps getting "considerably easier" in 2018 while its tax rate could drop to 25% from 37%. The sector has moved "far enough along in its trough that upside potential from even a modest cyclical recovery outweighs downside risks," Webber tells investors in a research note.
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KEX
Apr 25, 2024 | 07:18 EDT
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