Citi raised the firm’s price target on Canadian Pacific Kansas City (CP) to $94 from $89 and keeps a Buy rating on the shares. The firm sees balanced risk/rewards for transport stocks heading into the Q2 reports due macro uncertainty and a “still-soft” demand backdrop. Citi is “less enthusiastic” on the sector relative to three months ago due to the recent rally in the shares.
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Read More on CP:
- Canadian Pacific Kansas City price target raised to $87.60 from $80.50 at Bernstein
- 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