Argus raised the firm’s price target on Canadian Pacific Kansas City (CP) to $90 from $87 and keeps a Buy rating on the shares. The company’s results have been solid, given current economic conditions, and it has been gaining market share, the analyst tells investors in a research note. With labor agreements behind it, Canadian Pacific management is expected to focus on higher pricing from faster, more reliable service, dividend growth, and share repurchases, the firm added.
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