BMO Capital Resumes Canadian Pacific Railway Limited (CP) at Outperform

BMO Capital analyst Fadi Chamoun resumes coverage on Canadian Pacific Railway Limited (NYSE: CP) with a Outperform rating and a price target of $130.00.

The analyst comments: "Following completion of the acquisition of KCS by CP on April 14, we came off research restriction and are resuming coverage at Outperform with a $130 price target. We believe the combination of CP and KCS networks significantly expands the addressable freight market for the merged entity and catalyzes a period of strong organic volume growth that we expect will extend well into the coming decade."

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 $78.15 yesterday.

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