Goldman Sachs analyst Matt Reustle upgraded Canadian Pacific (CP) to Buy and raised his price target for the shares to $213 from $186. The analyst believes the shares are undervaluing the company's existing cash flow base and upside to "crude-by-rail" through 2020. Canadian Pacific is "optimally positioned" to capture growth in crude-by-rail volumes, which could drive 5% EBIT growth alone, Reustle tells investors in a research note. The analyst also upgraded his Rail Coverage view to Neutral from Cautious due to his favorable outlook on Canadian operators. He highlights his preference for Canadian rails, Canadian Natural, versus U.S. Rails.