Canadian Pacific Railway Limited (CP) PT Raised to $378 at Cowen

January 28, 2021 12:15 PM EST
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Price: $375.95 +0.17%

Rating Summary:
    25 Buy, 10 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 14 | New: 42
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Cowen analyst Jason Seidl raised the price target on Canadian Pacific Railway Limited (NYSE: CP) to $378.00 (from $345.00) while maintaining an Outperform rating.

The analyst commented, "4Q EPS results came in above expectations, as total carloads turned positive for the first quarter since the onset of the pandemic. A first look into 2021 outlook suggests double-digit earnings growth driven by growth in volumes, further OR improvements and share repurchases. We raise our USD price target to $378 and reiterate Outperform."

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