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Fly News Breaks for May 15, 2015
KSU
May 15, 2015 | 07:31 EDT
As previously reported, Credit Suisse downgraded Kansas City Southern to Neutral from Outperform. Credit Suisse is concerned about management's admission that idiosyncratic service issues are impacting its core growth areas of autos and cross-border intermodal. The firm said both are tracking in line or below industry average, which was puts its cross border U.S./Mexico growth thesis at risk. Credit Suisse lowered its price target to $101 from $118.
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