Canadian Pacific Railway (CP) Price Target Cut by Analysts at Deutsche Bank

Canadian Pacific Railway (NYSE:CP) (TSE:CP) had its price target reduced by stock analysts at Deutsche Bank from $248.00 to $230.00 in a research report issued on Monday.

The brokerage currently has a “buy” rating on the transportation company’s stock. Deutsche Bank’s target price would indicate a potential upside of 13.56% from the stock’s current price.

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CP has been the subject of a number of other reports. Zacks Investment Research upgraded Canadian Pacific Railway from a “hold” rating to a “buy” rating and set a $226.00 price objective for the company in a research report on Thursday, February 7th. Sanford C. Bernstein lowered Canadian Pacific Railway from an “outperform” rating to a “market perform” rating and set a $211.00 price objective for the company.

in a research report on Tuesday, March 12th. Stephens restated a “hold” rating and set a $206.00 price objective on shares of Canadian Pacific Railway in a research report on Sunday, January 6th.

Credit Suisse Group raised their price objective on Canadian Pacific Railway from $224.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, January 24th. Finally, Barclays restated a “buy” rating and set a $229.00 price objective on shares of Canadian Pacific Railway in a research report on Thursday, January 17th.

Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $230.93.

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