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Fly News Breaks for August 28, 2018
KSU
Aug 28, 2018 | 06:13 EDT
Loop Capital analyst Rick Paterson raised his price target on Kansas City Southern to $140 and kept his Buy rating, citing yesterday's progress in finalizing the U.S.-Mexico bilateral trade agreement. The analyst notes that while there are still "a lot of things" that can go wrong in the discussions and there is a "tight timeframe" for the deal to be enacted before the new Mexican president takes office in December, the worst case for the company - "no NAFTA and 20% or more in tariffs" - is much less likely. Paterson further states that in spite of yesterday's 4.7% rise in the stock price, Kansas City Southern remains the cheapest railroad stock in its peer group.