Susquehanna Upgrades Canadian Pacific Kansas City Limited (CP) to Positive

Susquehanna analyst Bascome Majors upgraded Canadian Pacific Kansas City Limited (NYSE: CP) from Neutral to Positive with a price target of $92.00 (from $94.00).

The analyst comments "Our favorable fundamental view toward CP is steady since our update 3 weeks ago (here), but shares are down 6% on cross-border regulatory fears (underperforming rails, XLI, S&P). Near-term headline risk creates a long-term opportunity to own what we see as the best growth story in rails at a fair price. Upgrade CP to Positive with US$92 price target."

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

Shares of Canadian Pacific Kansas City Limited closed at $78.83 yesterday.

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