Wells Fargo analyst Christian Wetherbee initiated coverage of Canadian Pacific Kansas City with an Overweight rating and $90 price target. The company is in the early innings of integrating the Kansas City Southern network and has a “strong runway” of synergies ahead, the analyst tells investors in a research note. The firm views view Canadian Pacific Kansas City as a “unique story” and expects share outperformance.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CP:
- North American rail traffic up 2.7% for the week ending June 1
- Duos Technologies enters three-year agreement with CPKC
- North American rail traffic up 0.7% for the week ending May 25
- North American rail traffic up 1.6% for the week ending May 18
- North American rail traffic up 2.3% for the week ending May 11