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UBS Cuts Railroad Estimates and PTs on Weak Volumes

UBS analyst Thomas Wadewitz lowered his price targets on railroad companies to reflect worse than expected volumes for the group and the large U.S. rails showing the greatest weakness. Only Kansas City Southern (NYSE: KSU) appears to be realizing volumes in line with expectations.The analyst stated "The reductions in our 3Q and 2020 EPS are...

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