JPMorgan Upgrades Canadian Pacific Railway Limited (CP) to Overweight

JPMorgan upgraded Canadian Pacific Railway Limited (NYSE: CP) from Neutral to Overweight.

Analyst Brian Ossenbeck likes the accelerating top line and increased earnings quality which he says is trading at a discount. The analyst comments "Valuation has remained stubbornly low vs. peers and until recently we have been concerned with the relative earnings quality at CP."

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 $167.40 yesterday.

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