Referring to the change in price target, the analysts mentioned two important changes:
They also provided upside and downside valuation targets of C$220 and C$145, respectively.
According to the analysts, the reason for the reduction of their EPS estimates to C$10.13 from C$11.10 for 2016 and to C$12.15 from C$12.50 for 2017 is the "increasing cost headwinds for the higher CAD as well as higher fuel prices, and weaker than expected grain and potash shipment this quarter," despite positive aspects such as improved operations and 43 percent increase in the quarterly dividends.
At time of writing, Canadian Pacific was up 1.34 percent on the day, trading at $130.52.
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