Jefferies analyst Stephanie Moore lowered the firm’s price target on Canadian Pacific Kansas City (CP) to $90 from $100 and keeps a Buy rating on the shares. Near-term macro uncertainties remain top-of-mind for investors, but the firm continues to see the Class 1 rails as relatively “resilient and defensive,” adding that it views the Canadian rails as poised for outperformance within the group due to Canada-specific recovery factors.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
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 lowered to $84 from $91 at Citi
- CPKC Sells Panama Canal Railway to APM Terminals
- Canadian Pacific Kansas City price target lowered to C$120 at Scotiabank
- CPKC, Lanco Group/Mi-Jack sell Panama Canal Railway Company to APM Terminals
- Canadian Pacific Kansas City price target lowered to $87 from $91 at Barclays