Canadian Pacific Railway Reaches Analyst Target Price
May 17, 2019 at 08:25 AM EDT
In recent trading, shares of Canadian Pacific Railway Ltd (CP) have crossed above the average analyst 12-month target price of $224.50, changing hands for $228.63/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..