Dahlman Rose Lowering Estimates On Canadian Pacific Railway Limited (CP)

Dahlman Rose & Co. released a note on Canadian Pacific Railway CP this morning. The analysts said that they are trimming 2010 EPS estimates due to recent Canadian flooding, which they said will likely weigh on earnings in the second quarter. According to the report, the company's most recent weekly carloads were down 12% sequentially as "the once-in-a-hundred-year rain event disrupted the flow of the railroad's network." Dahlman Rose & Co. is maintaining a Hold rating on the shares. Canadian Pacific Railway Limited (CP) is a holding company whose direct and indirect subsidiaries operate railways in North America. The Company owns approximately 10,700 miles of track.