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Stock Market & Financial Investment News

News Breaks
January 29, 2014
07:34 EDTCPCanadian Pacific sees FY14 EPS up 30% or greater than 2013 EPS
FY14 EPS consensus of $8.47; Sees FY14 revenue growth of 6%-7%, consensus $6.67B
News For CP From The Last 14 Days
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December 17, 2014
13:02 EDTCPCanadian Pacific in agreement with TSB incident report on Bonnybrook Bridge
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December 12, 2014
10:41 EDTCPHigh option volume stocks:
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10:01 EDTCPOn The Fly: Analyst Upgrade Summary
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07:22 EDTCPCanadian Pacific upgraded to Buy from Neutral at Buckingham
Buckingham upgraded Canadian Pacific to Buy based on continued visibility for near-term crude growth and the positive impact from a lower Canadian dollar that will offset weaker long-term crude by rail growth. Price target is $209.
December 8, 2014
10:00 EDTCPOn The Fly: Analyst Downgrade Summary
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05:40 EDTCPCanadian Pacific downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Canadian Pacific Railway to Neutral saying uncertainty around lower oil prices should drive a reduced multiple for shares. Goldman cut its price target for the rail operator to $202 from $223, but points out the company's crude business has yet to be impacted from lower oil prices. CP shares closed Friday down $2.57 to $191.58.
December 5, 2014
17:03 EDTCPCanadian Pacific to purchase 1.25M common shares through private agreements
Canadian Pacific announced that it intends to purchase for cancellation up to 1.25M of its common shares pursuant to private agreements to be entered into between CP and an arm's‐length third‐party seller. Purchases will be made in accordance with an issuer bid exemption order issued by the Ontario Securities Commission dated December 5. The Order is in addition to the issuer bid exemption order recently issued to CP by the OSC on November 25 with respect to 1,210,163 CP common shares. Pursuant to the Order, purchases may be made in several transactions prior to March 16, 2015. The price CP will pay for its common shares purchased by way of private agreements will be at a discount to the prevailing market price of CP common shares on the Toronto Stock Exchange at the time of purchase. Purchases made by CP will be counted towards CP's normal course issuer bid announced on March 11, as amended September 29, for up to 12,650,862 CP common shares and will not exceed, in aggregate, one third of the maximum number of common shares CP may purchase under the Bid, being 4,216,954 common shares. The actual number of CP common shares that will be repurchased under the Bid, by way of any private agreements or otherwise, and the timing of any such purchases, will be determined by CP. There cannot be any assurances as to how many common shares will ultimately be acquired by CP under the Bid.

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