Citigroup has revised its price target for Canadian Pacific Kansas City (TSE:CP, NYSE:CP) downward from C$88.00 to C$86.00, according to a research note published on Thursday. Despite the reduction, the firm maintains a buy rating on the stock.
Other analysts have also updated their outlooks on Canadian Pacific Kansas City recently. For example, ATB Capital raised its target price, reflecting varying perspectives on the company’s future performance.
**Why this matters**
Price target adjustments can influence investor sentiment and trading activity. Citigroup’s revised target suggests a more cautious view on the stock’s near-term potential, although the buy rating indicates continued confidence in its long-term prospects. Investors often monitor such changes alongside other analyst updates to inform their decisions.
Source: NewsData