BofA raised the firm’s price target on Canadian Pacific Kansas City (CP) to $84 from $82 and keeps a Buy rating on the shares. The company could hit its double-digit C$ EPS growth target for 2025 in a bit of a different manner in Q4 vs. the firm’s original model, given slight softness in volumes and revenue but a stronger cost control backdrop, the analyst tells investors in a research note. With expectations of revenue per ton yields up sequentially, the company could see better cost controls than expected, the firm added.
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