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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CP:
- Canadian Pacific price target lowered to C$125 from C$128 at JPMorgan
- Canadian Pacific Kansas City: Strong Performance and Positive Outlook Justify Buy Rating
- Canadian Pacific Kansas City price target raised to $91 from $90 at BofA
- Canadian Pacific Kansas City price target raised to $94 from $90 at Susquehanna
- CPKC Launches C$1.4 Billion Debt Offering to Refinance Debt