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Canadian Pacific Kansas City price target raised to $91 from $90 at BofA

BofA raised the firm’s price target on Canadian Pacific Kansas City (CP) to $91 from $90 and keeps a Buy rating on the shares. The firm forecasts a low- to mid-teens EPS growth compound annual growth rate. Given increased costs and mix pressure, the firm expects 100-150 basis points of sequential operating ratio improvement, below the company’s target, the analyst tells investors in a research note.

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