Canadian Pacific Railway Limited (CP) PT Raised to $230 at Credit Suisse
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Price: $86.04 +0.01%
Rating Summary:
21 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 8 | New: 23
Rating Summary:
21 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 8 | New: 23
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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.
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