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Canadian Pacific Railway Limited (NYSE:CP) has been upgraded from Neutral to Overweight in a report by JP Morgan today.

Having a price of $169.49, Canadian Pacific Railway Limited (NYSE:CP) traded 1.48% higher on the day. With the last close up 8.04% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same period. Canadian Pacific Railway Limited has recorded a 50-day average of $161.50 and a two hundred day average of $157.23. Volume of trade was down over the average, with 188,197 shares of CP changing hands under the typical 553,711

JP Morgan has upgraded Canadian Pacific Railway Limited (NYSE:CP) from Neutral to Overweight in a statement released on 10/12/2017.

Performance Chart

Canadian Pacific Railway Limited (NYSE:CP)

With a market capitalization of $0, Canadian Pacific Railway Limited has 52 week low of $139.29 and a 52 week high of $170.34 with a PE ratio of 18.53 .

In addition to JP Morgan reporting its stock price target, a total of 22 brokers have issued a research note on the company. The average stock price target is $147.41 with 7 brokers rating the stock a strong buy, 10 brokers rating the stock a buy, 7 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Canadian Pacific Railway Limited (NYSE:CP)

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company's transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles. Its railway feeds directly into the United States heartland from the east and west coasts. Its Bulk commodities include grain, coal, potash, fertilizers and sulfur. Its Merchandise freight consists of finished vehicles and machinery, as well as forest and industrial and consumer products. Its Intermodal traffic consists of retail goods in overseas containers that can be transported by train, ship and truck and in domestic containers and trailers that can be moved by train and truck. Its subsidiaries include Canadian Pacific Railway Company, Soo Line Railroad Company, Delaware and Hudson Railway Company, Inc. and Mount Stephen Properties Inc.

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