Barclays analyst Brandon Oglenski raised the firm’s price target on Canadian Pacific (CP) to $90 from $86 and keeps an Overweight rating on the shares. With a final Kansas City Southern (KSU) merger decision expected soon, the analyst provided an updated CP model with estimates that incorporate management’s expected $1B in synergies.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CP:
- Canadian Pacific reports new record January for Canadian grain transport volume
- North American rail traffic down 2% for the week ending January 28
- Canadian Pacific price target lowered to C$125 from C$128 at CIBC
- Canadian Pacific Railway (TSE:CP) Beats Q4 Earnings Expectations, Sees Solid Growth
- Canadian Pacific reports Q4 volumes up 8%