UPDATE: Credit Suisse Raises Canadian Pacific's PT

According to a research report published earlier today, Credit Suisse has increased Canadian Pacific Railways'

PT from $64 to $68. Credit Suisse commented in the report, “Significant Upside Surprise: CP pre-announced 1Q12 results mid-day yesterday, and expects EPS in a range of $0.80 to $0.83 - which came in significantly above our initial forecast of $0.55 and the consensus of $0.65. The company noted that operating performance metrics improved notably vs. the prior year and the 3-yr Q1 average - which has continued into April.” Credit Suisse maintains its Neutral rating on Canadian Pacific Railways, which closed yesterday at $72.95.