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Fly News Breaks for January 21, 2020
Jan 21, 2020 | 08:48 EDT
Raymond James analyst Patrick Tyler Brown raised his price target for Kansas City Southern to $188 from $184 and reiterated a Strong Buy rating following the company's Q4 results. Brown tells investors in a research note that he believes Kansas City Southern continues to possess a unique growth story anchored by its Mexican franchise that provides the most opportunities among the U.S. Class I railroads. Further, he contends that fears over cross-border trade should be mitigated with the USMCA trade agreement nearly complete.