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Fly News Breaks for October 22, 2018
KSU
Oct 22, 2018 | 08:30 EDT
As previously reported, Seaport Global upgraded Kansas City Southern to Buy from Neutral and established a $120 price target. Analyst Mark Levin said with the expected weak Q3 quarter and the expected full-year volume cut out of the way, Nafta out of the way, and a better-than-feared Mexican president elected, shares can begin to work in 2019 and beyond. Levin said Kansas City has numerous growth drivers including the ramp of the Sasol petrochemicals facility, the on-boarding of two new auto plants in Mexico, easing coal comps, and what likely will be very strong growth from refined products.
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