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Fly News Breaks for April 21, 2017
CNI, CP
Apr 21, 2017 | 07:05 EDT
Loop Capital analyst Rick Paterson downgraded Canadian Pacific (CP) to Hold from Buy based on his view that the company's pivot to growth will take longer than widely thought, as it may take a while to win business away from Canadian National (CNI). However, Paterson raised his price target on Canadian Pacific shares to C$215 from C$210.
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