Susquehanna Downgrades Canadian Pacific Kansas to Neutral
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Bascome Majors has downgraded Canadian Pacific Kansas (NYSE:CP) from Positive to Neutral, indicating a change in the firm's outlook on the stock.
January 08, 2024 | 2:21 pm
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Canadian Pacific Kansas (CP) was downgraded by Susquehanna from Positive to Neutral, which may lead to a negative perception among investors and could impact the stock price.
Analyst ratings often influence investor sentiment and can lead to stock price movements. A downgrade from Positive to Neutral suggests that Susquehanna sees fewer positive catalysts or more risks ahead for CP, which could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100