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Fly News Breaks for December 19, 2019
Dec 19, 2019 | 08:33 EDT
Seaport Global analyst Kevin Sterling upgraded Kirby to Buy from Neutral with a $100 price target, telling investors that he believes the inland and coastal barge markets are set up for a strong recovery due to favorable supply/demand dynamics. His checks indicate that coastal contract renewal rates are up 15%-20% year-over-year, while orders for new tank barges are at a multi-year low, Sterling tells investors.
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