Analysts are Revising Prices Targets of These 5 Stocks After Earnings

4. Canadian Pacific Railway Limited (NYSE:CP)

Number of Hedge Fund Holders: 42

Barclays improved its price target for Canadian Pacific Railway Limited (NYSE:CP) from $77 per share to $81 per share on Thursday, October 27, following the company’s third-quarter results.

Canadian Pacific Railway Limited (NYSE:CP) reported adjusted earnings of C$1.01 per share on revenue of C$2.31 billion. The results were slightly higher than the consensus forecast. Speaking on the results, CEO of Canadian Pacific Railway Limited (NYSE:CP), Keith Creel, said:

“CP’s unique growth initiatives coupled with a robust Canadian grain harvest provide a strong volume backdrop as we finish the year. We are well-positioned to carry the momentum we gained in the third quarter through the rest of the year and beyond.”