JP Morgan Maintains Overweight on Canadian Pacific Kansas, Lowers Price Target to $116
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Ossenbeck has maintained an Overweight rating on Canadian Pacific Kansas (NYSE:CP) but has reduced the price target from $121 to $116.

December 21, 2023 | 3:08 pm
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JP Morgan has maintained an Overweight rating on Canadian Pacific Kansas but lowered the price target from $121 to $116, indicating a positive outlook with a slightly reduced growth expectation.
The maintenance of an Overweight rating suggests that JP Morgan still has a positive outlook on Canadian Pacific Kansas. However, the reduction in the price target could imply a tempered expectation for the stock's growth potential in the short term. This news is likely to be viewed neutrally by investors as the positive rating is retained, but the lower price target may slightly dampen enthusiasm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100