Canadian Pacific Kansas City price target lowered to $92 from $97 at BofA

BofA lowered the firm’s price target on Canadian Pacific Kansas City to $92 from $97 and keeps a Buy rating on the shares. The firm remains positive on the comapany’s ability to gain share and improve margins, but lowered its 2024 and 2025 EPS estimates 1% and 5%, respectively, given sustained soft volumes.