Evercore ISI Group Maintains Outperform on Canadian Pacific Kansas, Lowers Price Target to $89
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Jonathan Chappell maintains an Outperform rating on Canadian Pacific Kansas (NYSE:CP) but lowers the price target from $90 to $89.

April 25, 2024 | 2:05 pm
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NEUTRAL IMPACT
Evercore ISI Group maintains an Outperform rating on Canadian Pacific Kansas but lowers the price target from $90 to $89.
The adjustment in price target by Evercore ISI Group reflects a slight modification in their valuation assessment of Canadian Pacific Kansas. Maintaining the Outperform rating indicates a positive outlook on the company's performance, but the reduced price target suggests a minor recalibration of future expectations. This could lead to a neutral short-term impact on the stock as the market digests the slight decrease in the price target against the backdrop of continued analyst confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100