A significant improvement in volumes following a rough winter has led CIBC to upgrade Canadian Pacific Railway Ltd. and hike its share price target.
CIBC analyst Kevin Chiang raised his rating on CP to sector outperform from sector perform and boosted his price target to $225 from $180.
The major railways in both Canada and the U.S. moved more cargo in the second quarter, “reinforcing the fact that the service issues over the winter were primarily ...
Full article at: Financial Post
Jul 2 2014, 10:40am CDT