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Fly News Breaks for October 19, 2016
KSU
Oct 19, 2016 | 08:08 EDT
UBS analyst Thomas Wadewitz believes bad news for Kansas City Southern is already priced into the stock and that the upside potential remains attractive. The analyst expects a more stable environment for network operation in Q4, but admits the pace of volume growth is unclear. He believes the company is likely to show improvement in earnings performance in Q4. Wadewitz reiterated his Buy rating and lowered his price target to $103 from $108 on Kansas City Southern shares.
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