Loop Capital analyst Rick Paterson raised his price target on Kansas City Southern to $169 and kept his Buy rating, citing the benefits of the company potentially securing access to its "long sought after" port of Veracruz on Mexico's east coast in the first half of next year. The analyst notes that the achievement would give company access to the newly constructed double-track, adding that in its current state, Veracruz is top-ranked for automotive traffic in Mexico. Paterson further notes that Kansas City Southern's market share can only rise, estimating 36bp gain in total volume for every 1% of share taken from Veracruz port traffic.