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Fly News Breaks for October 21, 2019
KSU
Oct 21, 2019 | 09:24 EDT
Loop Capital analyst Rick Paterson raised his price target on Kansas City Southern to $160 and kept his Buy rating after its "great" set of Q3 results, with a 24% EPS growth and a 4pt improvement in its operating ratio to 60.7%. The analyst notes that at this time last year, the management was "apologizing for bad service and missed revenue opportunities", but its initiated Precision Scheduled Railroading model should now allow the company to benefit from its "unique set of growth opportunities."
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