CIBC Maintains Outperformer on Canadian Pacific Kansas, Lowers Price Target to $123
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Kevin Chiang maintains an Outperformer rating on Canadian Pacific Kansas (NYSE:CP) but lowers the price target from $125 to $123.
June 16, 2023 | 4:08 pm
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CIBC analyst maintains Outperformer rating on Canadian Pacific Kansas (NYSE:CP) but lowers price target from $125 to $123.
The news of CIBC maintaining an Outperformer rating on Canadian Pacific Kansas (NYSE:CP) is positive for the stock. However, the lowering of the price target from $125 to $123 may have a neutral impact on the stock price in the short term, as it indicates a slight decrease in the analyst's expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100