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Canadian Pacific Kansas City price target raised to $87.60 from $80.50 at Bernstein

Bernstein raised the firm’s price target on Canadian Pacific Kansas City (CP) to $87.60 from $80.50 and keeps a Market Perform rating on the shares. The firm is updating its rail estimates ahead of the Q2 earnings season. Traffic trends have been decent, and while that trend is hard to extrapolate due to tariff uncertainty, Bernstein continues to see the group as offering value in an expensive market.

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