Scotiabank Downgrades Canadian Pacific Kansas to Sector Perform, Announces C$126 Price Target
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Konark Gupta downgrades Canadian Pacific Kansas from Sector Outperform to Sector Perform with a C$126 price target.

March 25, 2024 | 11:14 am
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NEGATIVE IMPACT
Canadian Pacific Kansas downgraded by Scotiabank from Sector Outperform to Sector Perform with a C$126 price target.
The downgrade from Sector Outperform to Sector Perform by a major financial institution like Scotiabank suggests a more cautious outlook on CP's stock. This could lead to a short-term negative sentiment among investors, potentially impacting the stock's price negatively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100