(The following appeared at StreetInsider.com on August 26, 2009.)
NEW YORK — RBC Capital upgrades Canadian Pacific Railway (NYSE: CP) from Sector Outperform to Outperform. Price target increased from $49 to $67.
RBC analyst says, “Seeing a return to a more ‘Normalized’ level – particularly for Potash and MetCoal – which will lead to significant operating leverage and a meaningful boost to earnings.”
Canadian Pacific Railway Limited, through its subsidiaries, operates a transcontinental railway in Canada and the United States.