FDX, Norfolk Southern, CSX Canadian Pacific downgraded on tariff woes - MarketWatch
The downgrade and price target cut indicate strong negative sentiment towards CP. Past examples show similar downgrades can lead to substantial price drops.
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The downgrade and price target cut indicate strong negative sentiment towards CP. Past examples show similar downgrades can lead to substantial price drops.
What happened, with direct paths to the underlying reporting
Loop Capital downgraded CP to 'sell' due to tariff impacts. CP's price target slashed from C$125 to C$70. Inflationary tariffs likely to hurt demand and slow economy. Tariffs may lead Canada and Mexico into recession. Transportation sector suffers due to reduced cross-border flows.
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