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Stock Market & Financial Investment News

News Breaks
November 15, 2012
12:02 EDTCPCanadian Pacific, IBEW reach tenative agreement
The International Brotherhood of Electrical Workers, System Council 11 and Canadian Pacific, announced that they have reached a tentative five-year labor agreement covering approximately 450 employees who maintain and install railway signals and communications systems across Canada. Details of the tentative agreement are being withheld pending ratification by the IBEW membership.
News For CP From The Last 14 Days
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July 7, 2015
09:09 EDTCPCowen freight analyst holds an analyst/industry conference call
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June 30, 2015
12:08 EDTCPCanadian Pacific to buy 308K shares from armís length third party for C$55.8M
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08:09 EDTCPRail estimates need to come down further, says Citi
Citi analyst Christian Wetherbee noted that consensus estimates in the rail sector for Q2 EPS have fallen an average of 8% since the firm moved below consensus last month, but believes the numbers have to come down further. Wetherbee cut his Q2 estimates by another 5%, lowered Q3 by 4% and cut his forecast for 2016 EPS by 3% and lowered price targets on stocks in the space by 6% on average. Wetherbee added that he believes Union Pacific (UNP) and Norfolk Southern (NSC) have the highest the pre-announcement risk in the group and lowered his targets on those stocks, as well as for Canadian National (CNI), Canadian Pacific (CP), CSX (CSC) and Kansas City Southern (KSU).

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