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Fly News Breaks for May 3, 2019
KEX
May 3, 2019 | 06:30 EDT
BofA/Merrill Ken Hoexter upgraded Kirby to Buy from Underperform with a $95 price target saying shares have been under pressure due to overcapacity in the barging market. The analyst said Kirby has been expanding services in its Distribution & Services segment and scaling oil field services. He now expects the core barging business to inflect and believes shares are positioned for a rebound.
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