Barclays analyst Brandon Oglenski lowered the firm’s price target on Canadian Pacific Kansas City (CP) to $90 from $91 and keeps an Overweight rating on the shares. The firm trimmed estimates for the transports group into the Q3 reports citing “weak” industrial growth and continued oversupply.
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 lowered to $88 from $91 at Susquehanna
- Canadian Pacific Kansas City price target raised to C$124 at National Bank
- Fed’s Cook resists Trump firing, EchoStar skyrockets after deal: Morning Buzz
- Canadian Pacific Kansas City ‘not interested’ in rail industry consolidation
- Activist Investor Ancora Pushes CSX to Pursue Merger or Oust CEO
