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Fly News Breaks for October 21, 2019
KSU
Oct 21, 2019 | 07:58 EDT
Raymond James analyst Patrick Tyler Brown raised his price target for Kansas City Southern to $170 from $151 and reiterated a Strong Buy rating. Brown tells investors in a research note that he believes the company continues to possess a unique growth story anchored by its Mexican franchise that continues to drive opportunities. While details around U.S.-Mexico trade and the policies of Mexico's new president remain a bit "murky," the initial trade agreement should lift headline risk and assuage fears over cross-border trade, and Brown says that this news, combined with benefits associated with the news that Kansas City Souther is implementing Precision Scheduled Railroading techniques, should afford multiple expansion opportunities.
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