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Fly News Breaks for April 20, 2016
KSU
Apr 20, 2016 | 07:46 EDT
As previously reported, BofA/Merrill upgraded Kansas City Southern two notches to Buy from Underperform. Analysts led by Ken Hoexter said Kansas City Southern reported an impressive Q1 operating ratio of 66.6% and cut costs to offset near-term volume declines. Hoexter has increased confidence on the company's ability to execute over the next 12 months and raised his price target on Kansas City Southern shares to $106 from $77.
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