Canadian Pacific Kansas City price target lowered to C$112 from C$116 at TD Cowen

Core Viewpoint - TD Cowen analyst Jason Seidl has lowered the price target for Canadian Pacific Kansas City (CP) to C$112 from C$116 while maintaining a Buy rating on the shares, indicating a more reasonable valuation following the KCS merger [1] Group 1: Price Target and Rating - The price target for Canadian Pacific Kansas City (CP) has been reduced to C$112 from C$116 [1] - The firm continues to hold a Buy rating on the shares [1] Group 2: Merger Impact and Valuation - The KCS merger has allowed Canadian Pacific Kansas City to achieve higher EPS growth compared to its peers [1] - The current valuation of the company is considered more reasonable post-merger [1] Group 3: Market Focus and Estimates - Investor fund-flows are currently concentrated on U.S. rail mergers and acquisitions [1] - Estimate revisions for Canadian Pacific Kansas City remain slightly negative [1]