UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Canadian Pacific Railway Limited

In a report published Wednesday, Jefferies reiterated its Hold rating on Canadian Pacific Railway Limited

, and raised its price target from $96.00 to $105.00. Jefferies noted, “CP reported in-line 4Q EPS on solid revenues and better cost management. The new operating plan is taking hold and bearing fruit; however, the upside opportunity feels baked into the stock. Reiterate Hold.” Canadian Pacific Railway Limited closed on Tuesday at $115.92.