Deutsche Bank Downgrades Canadian Pacific Kansas to Hold, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Amit Mehrotra downgraded Canadian Pacific Kansas (NYSE:CP) from Buy to Hold and reduced the price target from $85 to $77.
November 27, 2023 | 11:07 am
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Deutsche Bank downgraded Canadian Pacific Kansas from Buy to Hold and lowered the price target from $85 to $77.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further supports the expectation of a decrease in the stock's value.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100