UPDATE: Citi Upgrades Kansas City Southern To Buy

According to Citi, Kansas City Southern

is upgraded to Buy. Citi said that it is upgrading Kansas City Southern to Buy from Hold, as it believes the stock's recent 20% pullback provides a compelling entry point. “KCS is one of the best growth stories in our coverage, as we expect Mexico and cross border operations to drive double digit revenue growth while cost advantages provide the potential for best in class margins.” Kansas City Southern closed yesterday at $49.71.