BofA lowered the firm’s price target on Canadian Pacific Kansas City (CP) to $91 from $94 and keeps a Buy rating on the shares. Adjusted Q3 EPS of C$0.99 was up 7% year-year and above the firm’s C$0.98 target, but below the Street’s C$1.01 estimate, the analyst tells investors. Following the report, the firm lowered its Q4 and FY25 EPS estimates by 2% each.
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