Credit Suisse analyst Allison Landry raised the price target on Canadian Pacific Railway Limited (NYSE: CP) to $230.00 (from $224.00) while maintaining a Outperform rating.

FY19 and FY20 forecasts rise to $16.56 and $18.56 from $16.36 and $18.29, respectively. Credit Suisse also introduced FY21 estimates of $20.37. The 12-month TP rises to $230 (from $224) due to higher base year (2019) EBIT and a slightly lower discount rate in the DCF model.

Analyst Comments Analyst EPS Change Analyst PT Change

Canadian Pacific Railway Limited (CP:CN) (CP) PT Raised to Cdn$277 at Morgan StanleyJanuary 24, 2019 8:57 AM Canadian Pacific Railway Limited (CP:CN) (CP) PT Raised to Cdn$315 at CIBCJanuary 24, 2019 8:55 AM Canadian Pacific Railway Limited (CP:CN) (CP) PT Raised to Cdn$337 at JPMorganJanuary 24, 2019 8:52 AM Canadian Pacific Railway Limited (CP:CN) (CP) PT Raised to $230 at Credit SuisseJanuary 24, 2019 8:04 AM Canadian Pacific Railway Limited (CP) PT Raised to $215 at Stephens Following 4Q January 24, 2019 7:56 AM Canadian Pacific Railway Limited (CP:CN) (CP) PT Raised to Cdn$334 at RBC CapitalJanuary 24, 2019 6:31 AM Canadian Pacific Railway Limited (CP:CN) (CP) PT Raised to Cdn$301 at UBSJanuary 24, 2019 6:23 AM Canadian Pacific Railway (CP) Tops Q4 EPS by 32cJanuary 23, 2019 4:14 PM CP reports record fourth-quarter; sustainable, profitable growth continues into 2019January 23, 2019 4:12 PM Canadian Pacific Railway (CP) call put ratio 39 calls to 1 put into EPSJanuary 22, 2019 11:28 AM