BMO Capital Provides Color on Canadian Pacific Railway, Outperform

BMO Capital provided color on Canadian Pacific Railway CP. In a research report published today, BMO reiterated its positive outlook on the company's performance, after a meeting with the company's management. In the report, BMO states, "The planned acceleration of some of the capital spending programs is the most significant takeaway from the presentations in our opinion. The planned expansion of tracks and yard operations over the next few years has the potential to provide a significant step up in efficiency gains and service improvement. Overall, the presentations and discussions with management that followed the official remarks reinforced our medium-term (1 to 2 years) positive outlook on CP Rail." At the moment, BMO has an Outperform rating placed on the company's stock. On Monday, Canadian Pacific added 0.13% to its value to close the day at $60.82.