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Fly News Breaks for January 8, 2019
KSU
Jan 8, 2019 | 08:07 EDT
Atlantic Equities analyst Stephen White believes 2018 marked a return to sustainable long term volume growth for the U.S. railroad industry. However, he views the sector valuation as "near the mid-point of a fair range" and therefore emphasizes selectivity. In that context, he initiated Kansas City Southern with an Overweight rating and $122 price target, contending that it has a unique opportunity for organic growth "at a magnitude not seen elsewhere in the industry."
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