Citi analyst Ariel Rosa lowered the firm’s price target on Canadian Pacific Kansas City (CP) to $88 from $90 and keeps a Buy rating on the shares as part of a Q3 preview for the transportation sector. The firm expects “tepid” quarters for most of the group due to soft freight rates and unfavorable supply/demand dynamics.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CP:
- Canadian Pacific Kansas City price target raised to $137 from $131 at JPMorgan
- Canadian Pacific Kansas City price target lowered to C$119 at Scotiabank
- Citi explores three-way merger for CSX after ‘sudden’ CEO change
- Canadian Pacific Kansas City price target lowered to $90 from $91 at Barclays
- Canadian Pacific Kansas City price target lowered to $88 from $91 at Susquehanna