JPMorgan raised the firm’s price target on Canadian Pacific Kansas City (CP) to $137 from $131 and keeps an Overweight rating on the shares. The firm updated transport and logistic estimates and price targets ahead of the Q3 reports. JPMorgan lowered estimates across the board, saying tariffs and trade policy uncertainty persisted while spot truckload rates remain subdued.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 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
- Canadian Pacific Kansas City price target raised to C$124 at National Bank