RBC Sees More Upside for Canadian Pacific Kansas City (CP) – Here’s Why

Canadian Pacific Kansas City Limited (NYSE:CP) is one of the 9 Best Stocks to Buy in Chris Hohn’s TCI Fund Portfolio.

RBC Sees More Upside for Canadian Pacific Kansas City (CP) - Here's Why

On June 24, 2026, Canadian Pacific Kansas City Limited (NYSE:CP) saw a rise in its price target from RBC Capital. The stock that accounts for approximately 8% of Chris Hohn’s TCI Fund Portfolio saw its price target raised from C$127 to C$139. RBC Capital maintained an Outperform rating on the shares. The firm has been revising the estimates for Class I railroads while previewing the Q2 results. RBC Capital remains positive on the company as a “best-in-class railroad” ahead of a transformative acquisition. The firm’s analyst further noted that the Kansas City deal is likely to be a significant catalyst for notable growth and a material upward valuation re-rate.

In contrast, on June 25, 2026, Evercore ISI lowered the price target on Canadian Pacific Kansas City Limited (NYSE:CP) from $92 to $91 and kept an Outperform rating on the company’s stock. According to the firm’s analyst, the Class I railroads are expected to deliver second-quarter earnings beats and raise outlooks, driven by accelerating volume growth throughout the period.

Founded in 1881, Canadian Pacific Kansas City Limited (NYSE:CP) is a transnational transport titan. Headquartered in Canada, the company provides rail freight transportation services linking Canada, the U.S., and Mexico.

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