Barclays Maintains an 'Overweight' on Canadian Pacific Railway (CP); Q2 Bump, But Stronger Going Forward

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Barclays maintains an 'Overweight' on Canadian Pacific Railway Limited (NYSE: CP) price target of $93.00.

Analyst, Brandon R. Oglenski, said that CP's operations are recovering after the company encountered a nine day strike and he is clear on the impact that will affect Q2 (by approx $0.25/share). Oglenski also lowers FY12 EPS estimate from $4.65 to $4.40. However, he feels that coming out of Q2, trends should continue on the upswing (especially vs. challenging 2011)

For an analyst ratings summary and ratings history on Canadian Pacific Railway Limited click here. For more ratings news on Canadian Pacific Railway Limited click here.

Shares of Canadian Pacific Railway Limited closed at $72.60 yesterday, with a 52 week range of $44.74-$79.91.

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