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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Read More on CP:
- Canadian Pacific Kansas City Reports Strong Q3 Results
- Canadian Pacific Kansas City reports Q3 adjusted EPS C0.99c vs. C0.92c last year
- Canadian Pacific Kansas City sees FY24 adjusted EPS up double digits vs. FY23
- North American rail traffic down down 0.6% for the week ending October 19
- Canadian Pacific Kansas City Declares Quarterly Dividend