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Goldman Sachs Upgrades Canadian Pacific Railway Limited (CP) to Buy Citing Cash And Crude Catalysts

February 13, 2018 5:43 AM EST
Get Alerts CP Hot Sheet
Price: $88.17 -0.33%

Rating Summary:
    21 Buy, 14 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Goldman Sachs upgraded Canadian Pacific Railway Limited (NYSE: CP) from Neutral to Buy with a price target of $213.00 (from $186.00).

Analyst Matt Reustle believes the company is well positioned to exceed management's guidance for 2018 given better0than0expected crude by rail volumes, possible market share gains and late 2018 shareholder returns.

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 $176.72 yesterday.



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