UPDATE: Credit Suisse Reiterates Outperform Rating, Lowers PT on Canadian Pacific Railway Limited on EPS Revisions

In a report published Friday, Credit Suisse analyst Allison M. Landry reiterated an Outperform rating on

, but lowered the price target from $227.00 to $225.00. In the report, Credit Suisse noted, “We have decreased our FY15 EPS estimate to $10.78 from $10.96. We have also lowered our FY16, FY17, and FY18 estimates to $13.10, $16.11 and $18.46, from $13.27, $16.52 and $18.85, respectively. Our DCF-derived target price falls slightly to $225 (from $227), on account of modestly lower base year (2016) EBIT. Maintain Outperform.” Canadian Pacific Railway Limited closed on Thursday at $182.49.