Susquehanna Raises its Price Target on Canadian Pacific Kansas (CP)

Canadian Pacific Kansas City Limited (NYSE:CP) is one of the 7 Best Canadian Infrastructure Stocks to Buy Now.

On June 5, 2026, Susquehanna analyst Harrison Bauer raised the firm’s price target on Canadian Pacific Kansas City Limited (NYSE:CP) to $104 from $95 and maintained a Positive rating on the shares. Bauer said rail volumes appear to be running ahead of expectations, with ISM readings “encouraging” after expanding for five straight months. Bauer also noted there was no sign that higher fuel costs were weighing on industrial demand.

On June 2, 2026, Canadian Pacific Kansas City Limited (NYSE:CP) said it broke its May monthly record for transporting Canadian grain and grain products, moving 2.9 million metric tonnes in May 2026. The result topped the prior May tonnage record set in May 2020. The company also set a new May monthly carload record with 30,324 carloads, surpassing the previous high from May 2020. Through Week 43 of the 2025-2026 crop year, CPKC transported more than 25.3 MMT of Canadian grain and grain products.

Susquehanna Raises its Price Target on Canadian Pacific Kansas (CP)

Last month, Canadian Pacific Kansas City Limited (NYSE:CP) also said it broke its April monthly record for transporting Canadian grain and grain products, moving 2.9M metric tonnes in April. April carloads reached 30,381, also a new monthly record. CPKC said Q1 totals of 7.2 MMT surpassed the prior first-quarter record set in 2021, while Canadian grain and grain product volumes through the first 38 weeks of the 2025-2026 crop year reached more than 21.9 MMT.

Canadian Pacific Kansas City Limited (NYSE:CP) owns and operates a transcontinental freight railway in Canada, the United States, and Mexico.

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