RBC Capital raised the firm’s price target on Canadian Pacific Kansas City (CP) to C$128 from C$124 and keeps an Outperform rating on the shares. The company reported solid Q4 and strong guide, while the upside opportunity from its growth proposition reinforces RBC’s “high conviction” on the stock, the analyst tells investors in a research note. With strong operating momentum going into 2025, as well as easy comps and idiosyncratic growth opportunities, Canadian Pacific remains the firm’s “top idea” in railroads, RBC added.
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Read More on CP:
- CPKC Reports Strong Q4 Results, Eyes Growth in 2025
- Canadian Pacific Kansas City Reports Strong Q4 Results and Optimistic Outlook for 2025
- Canadian Pacific Kansas City sees FY25 adjusted EPS growth 12%-18%
- Canadian Pacific Kansas City reports Q4 adjusted EPS C$1.29 vs. C$1.18 last year
- Canadian Pacific Kansas City sees FY25 EPS C$4.25