Bernstein Initiates Canadian Pacific Railway With Outperform

Bernstein initiated coverage on Canadian Pacific Railway Limited (USA) CP with a Outperform rating. The target price for Canadian Pacific Railway is set to $200. Canadian Pacific Railway shares have dropped 5.74 percent over the past 52 weeks, while the S&P 500 index has surged 7.25 percent in the same period. Canadian Pacific Railway shares rose 0.86 percent to close at $169.27 on Friday.