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Fly News Breaks for March 24, 2015
KSU
Mar 24, 2015 | 06:12 EDT
Citigroup believes soft volumes and negative sentiment following Kansas City Southern's "disappointing" Q1 preannouncement could drive the stock towards $100 in the near-term. Citi, however, thinks the stock's risk/reward is skewed two-to-one positively at $120 on the upside and $100 on the downside. The firm believes the stock has multiple support around $100 and keeps a Buy rating on the name. It lowered its price target for KSU to $120 from $123.
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