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Canadian Pacific was among our list of large Canadian stocks with downside risk.
Canadian Pacific was among our list of large Canadian stocks with downside risk.
(DARRYL DYCK/THE CANADIAN PRESS)

Tuesday’s analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions. This file will be updated during the trading day.

Canadian Pacific Railway Ltd. should realize significant earnings growth fuelled by higher margins and higher revenue, Credit Suisse analyst Allison Landry said in a note.

“The company is on the precipice of the next leg of growth – transforming from a cost-turnaround story to one of controlled, sustainable, profitable revenue generation,” Ms. Landry said, raising her target price on CP stock to $205 (U.S.) from $183, while maintaining an “outperform” rating.