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Fly News Breaks for October 13, 2015
CP
Oct 13, 2015 | 06:42 EDT
Canaccord downgraded Canadian Pacific to Hold from Buy and lowered its price target to C$215. Analyst David Tyerman said Canadian Pacific's current valuation discounts most of the expected earnings gains over the next year and the premium valuation is not supported by discounted cash flow.
News For CP From the Last 2 Days
CP
Apr 22, 2024 | 08:19 EDT
Raymond James raised the firm's price target on Canadian Pacific Kansas City to C$130 from C$120 and keeps an Outperform rating on the shares. While Q1 was volatile from a weather standpoint, the firm entered Q2 "even more confident in the traffic recovery that emerged late last year" and it remains "demonstrably upbeat on the outlook for both Canadian railroads," the analyst tells investors.
