Evercore ISI Removes Tactical Underperform on Canadian Pacific Railway Limited (CP)

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Canadian Pacific Railway (CP) and Kansas City Southern combination approved by U.S. Surface Transportation Board

March 15, 2023 10:47 AM EDT

Canadian Pacific (TSX: CP) (NYSE: CP) ("CP") and Kansas City Southern ("KCS") said today the U.S. Surface Transportation Board ("STB") issued a decision approving the CP and KCS joint merger application, subject to certain conditions, thereby authorizing the two railways to combine to form Canadian Pacific Kansas City ("CPKC"), the first single-line railway connecting the U.S., Mexico and Canada.

The decision authorizes CP to exercise control of KCS as early as April 14, 2023, at or after which point CP and KCS would... More

Canadian Pacific Railway (CP) Wins US Approval to Buy Kansas City Southern (KSU)

March 15, 2023 9:11 AM EDT

Canadian Pacific Railway (NYSE: CP) Wins US Approval to Buy Kansas City Southern (NYSE: KSU)

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CANADIAN PACIFIC RAILWAY LIMITED; CANADIAN PACIFIC RAILWAY COMPANY; SOO LINE RAILROAD COMPANY; CENTRAL MAINE & QUEBEC RAILWAY US INC.; DAKOTA,... More

Scotiabank Upgrades Canadian Pacific Railway (CP:CN) (CP) to Sector Outperform

March 15, 2023 6:20 AM EDT

Scotiabank analyst Konark Gupta upgraded Canadian Pacific Railway (CP:CN) (NYSE: CP) from Sector Perform to Sector Outperform with a price target of Cdn$116.00 (from Cdn$110.00).

... More

Canadian Pacific Railway (CP) announces ratification of new collective agreement with Soo Line BLET

March 14, 2023 10:13 AM EDT

Canadian Pacific (NYSE: CP) (TSX: CP) said today that members of the Brotherhood of Locomotive Engineers and Trainmen (BLET) have ratified a new five-year collective agreement covering approximately 300 employees working on CP's Soo Line subsidiary.

"We thank the... More