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Fly News Breaks for February 22, 2019
KSU
Feb 22, 2019 | 06:25 EDT
Loop Capital analyst Rick Paterson kept his Buy rating and $132 price target on Kansas City Southern, saying the company is the "next man up" to make a "splash" in implementing Precision Scheduled Railroading. The analyst also sees greater investor interest in the name and the lowest valuation in the rail sector, adding that Kansas City Southern's 2019 comps are also relatively easy because of the January 2018 closure of the Luminant Monticello Texas utility plant which drove the total volumes for last year to grow by "only" 1.6%.
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