Argus raised the firm’s price target on Canadian Pacific Kansas City to $95 from $84 and keeps a Buy rating on the shares. The company is among the most efficient operators in the rail industry, which has been in more of a secular growth trend than other transport options, and having emerged victorious in a bidding war for Kansas City Southern Railway, its management should now intensify its focus on earnings and dividend growth, the analyst tells investors in a research note.
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