Canadian Pacific Kansas City price target raised to C$130 from C$120 at Raymond James

Raymond James raised the firm’s price target on Canadian Pacific Kansas City to C$130 from C$120 and keeps an Outperform rating on the shares. While Q1 was volatile from a weather standpoint, the firm entered Q2 “even more confident in the traffic recovery that emerged late last year” and it remains “demonstrably upbeat on the outlook for both Canadian railroads,” the analyst tells investors.