Stock Track | Canadian Pacific Kansas City Soars 5% Intraday on Positive Analyst Ratings and Target Price Hikes

Stock Track

7小時前

Canadian Pacific Kansas City Ltd's stock surged 5.00% during intraday trading on Thursday, reflecting strong investor interest in the railway company.

The price movement appears driven by a series of positive analyst actions. Barclays raised its price target for CP to $93 from $90, while CIBC and UBS both maintained Buy ratings with price targets of C$124.00 and C$130.00 respectively. Several other analyst reports also highlighted Canadian Pacific Kansas City as a top pick in the industrial goods sector, contributing to bullish sentiment.

While Citigroup reduced its price target slightly, the overall analyst commentary was overwhelmingly positive, providing a clear catalyst for the stock's upward move during the trading session.

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Barclays raised its price target for CP to $93 from $90, while CIBC and UBS both maintained Buy ratings with price targets of C$124.00 and C$130.00 respectively. 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