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Canadian Pacific Kansas City price target raised to $137 from $131 at JPMorgan

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.

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