National Bank Financial Inc Maintains Sector Perform on Canadian Pacific Kansas, Lowers Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
National Bank Financial Inc's analyst Cameron Doerksen has maintained a 'Sector Perform' rating on Canadian Pacific Kansas (NYSE:CP) and lowered the price target from C$110 to C$109.
October 05, 2023 | 5:55 pm
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Canadian Pacific Kansas' price target has been lowered from C$110 to C$109 by National Bank Financial Inc.
The lowering of the price target by a financial institution usually indicates a potential decrease in the stock's value. This is because the price target is an analyst's projection of the stock's future price. A lower price target suggests that the analyst believes the stock will not perform as well as previously expected.
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