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Fly News Breaks for January 22, 2019
KSU
Jan 22, 2019 | 08:30 EDT
Credit Suisse analyst Allison Landry raised her price target for Kansas City Southern to $129 from $116 and reiterated an Outperform rating on the shares. While the company had a "disappointing" 2018 for volumes and service, the analyst believes investors may now be willing to overlook executional challenges and focus on the potential upside from the now evident cost improvement story that may unfold over the next few years as the company implements PSR.
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