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Fly News Breaks for December 18, 2018
KSU
Dec 18, 2018 | 06:48 EDT
JPMorgan analyst Brian Ossenbeck downgraded Kansas City Southern to Neutral from Overweight and lowered his price target for the shares to $118 from $138. The analyst points out that he has consistently documented the rising uncertainty in Mexico. The larger concern, which seems currently overlooked by investors, is the possibility for negative headlines from Congress which in a short amount of time has introduced bills targeting retail banking and the mining industry, Ossenbeck tells investors in a research note. The analyst cites increasing political uncertainty in Mexico for his downgrade of Kansas City Southern.
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