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Surveyors work next to CP Rail trains which are parked on the train tracks in Toronto on Wednesday, May 23, 2012.
Surveyors work next to CP Rail trains which are parked on the train tracks in Toronto on Wednesday, May 23, 2012.
(Nathan Denette/THE CANADIAN PRESS)

Thursday'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. is no longer one of Citibank's top investing ideas among U.S.-listed stocks.

The giant U.S. bank today yanked the railway off its so-called focus list, which represents its favourite investing ideas. However, the bank is still positive on the company's shares, and sees the possibility of the railway ramping up its share buybacks in the future, which would further boost its stock price.