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A CP Rail locomotive sits at the company's Port Coquitlam yard east of Vancouver in this file photo.
A CP Rail locomotive sits at the company's Port Coquitlam yard east of Vancouver in this file photo.
(DARRYL DYCK/THE CANADIAN PRESS)

Wednesday'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.

North American railways saw a significant pick-up in shipment volumes over the last three months after the severe winter weather made for a slow start to this year, said CIBC World Markets analyst Kevin Chiang as he raised his price targets on both Canadian Pacific Railway Ltd. and Canadian National Railway Co.