Canadian Pacific Kansas City Shares Rise as Analysts Lift Target Prices

Analysts at Citigroup raised their price target for Canadian Pacific Kansas City (NYSE:CP) to $106 from $97, indicating a potential upside of about 17%. The brokerage maintains a "buy" rating on the railway company's stock. Other recent analyst actions include Canadian Imperial Bank of Commerce increasing its target to C$143, Evercore setting a $91 target, National Bank Financial upgrading to a "strong‑buy," and Barclays assigning a $102 target with an "overweight" rating. In trading on Thursday, CP shares climbed $1.14 to $90.54, with volume of 812,708 shares. The company reported Q2 earnings of $0.76 per share, missing consensus estimates of $0.78, and posted revenue of $2.66 billion, down 2.5% year‑over‑year. CP’s market capitalisation stands at roughly $80 billion, with a debt‑to‑equity ratio of 0.46 and a price‑earnings ratio of 27.97.