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Fly News Breaks for October 15, 2018
KSU
Oct 15, 2018 | 07:28 EDT
Deutsche Bank analyst Amit Mehrotra upgraded Kansas City Southern to Buy and raised his price target for the shares to $120 from $119. With shares down 15% since early September, entirely the result of valuation compression, Kansas City Southern is now "highly compelling "in the context of mid-teens earnings growth in 2019, Mehrotra tells investors in a research note. The analyst continues to forecast a Q3 miss, but believes the shares are now "highly attractive" in light of its growth prospects.
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