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Stock Market & Financial Investment News

News Breaks
April 2, 2014
05:08 EDTCPCanadian Pacific COO addresses Agriculture Committee hearing on Bill C-30
Canadian Pacific's president and COO Keith Creel provided his comments on Bill C-30 to the Standing Committee on Agriculture. Creel encouraged the Committee to consider the serious capacity constraints within the current grain supply chain and highlighted that interswitching would worsen the situation for the movement of Canadian grain to markets. "The reality is the current grain supply chain, of which rail is only one component, cannot move these extraordinary volumes over this short period of time," said Creel. "We need solutions that will increase throughput of grain from farm to ship." Creel also addressed CP's operating performance this crop year. CP moved record grain volumes last fall which was later impacted by the extraordinary cold temperatures in December and January. With the improved weather, the railway has regained momentum, moving 15% more Western Canadian grain in February and 20% more in March than the previous year. With respect to the proposed extended interswitching, Creel expressed concerns with its potentially damaging unintended consequences and how it would slow down the grain supply chain due to increased handlings, further constraining capacity. He noted that allowing grain to be interswitched to U.S railroads could also potentially lead to a negative impact on the Canadian economy. CP is asking all supply chain partners to engage in a collaborative dialogue to find immediate solutions which will create longer term capacity in the grain supply chain.
News For CP From The Last 14 Days
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July 31, 2015
16:47 EDTCPCanadian Pacific to purchase 736,625 common shares through private agreements
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July 22, 2015
10:01 EDTCPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Entertainment (AMC) upgraded to Buy at MKM Partners... Agnico Eagle (AEM) upgraded to Buy from Hold at HSBC... Allegiant Travel (ALGT) upgraded to Outperform from Market Perform at Raymond James... Amazon.com (AMZN) upgraded on positive outlook at JMP Securities... Bank of Ireland (IRE) upgraded to Buy from Neutral at Nomura... Canadian Pacific (CP) upgraded to Buy at Canaccord... Carrizo Oil & Gas (CRZO) upgraded to Outperform from Neutral at Credit Suisse... Concho Resources (CXO) upgraded to Outperform from Neutral at Credit Suisse... Crown Castle (CCI) upgraded to Buy from Neutral at Citi... Exxon Mobil (XOM) upgraded to Conviction Buy from Buy at Goldman... Fidelity & Guaranty Life (FGL) upgraded to Outperform from Neutral at Macquarie... First Interstate (FIBK) upgraded to Buy from Hold at Sandler O'Neill... Hess Corp. (HES) upgraded to Outperform from Neutral at Credit Suisse... Intuitive Surgical (ISRG) upgraded to Buy at Canaccord... J.C. Penney (JCP) upgraded to Buy from Neutral at Buckingham... Murphy Oil (MUR) upgraded to Neutral from Underperform at Credit Suisse... Noble Energy (NBL) upgraded to Outperform at Credit Suisse... Packaging Corp. (PKG) upgraded to Outperform from Market Perform at BMO Capital... Prologis (PLD) upgraded to Outperform from Neutral at Baird... Signature Bank (SBNY) upgraded to Strong Buy from Outperform at Raymond James... Sonic Automotive (SAH) upgraded to Buy from Neutral at BofA/Merrill... Tate & Lyle (TATYY) upgraded to Neutral from Sell at Goldman... Technip (TKPPY) upgraded to Neutral from Sell at Goldman... Union Bankshares (UBSH) upgraded to Buy from Neutral at Compass Point... Yamana Gold (AUY) upgraded to Buy from Hold at HSBC... Yara (YARIY) upgraded to Neutral from Underweight at JPMorgan.
07:13 EDTCPCanadian Pacific upgraded to Buy at Canaccord
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06:41 EDTCPCanadian Pacific upgraded to Buy from Hold at Canaccord
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July 21, 2015
11:12 EDTCPCanadian Pacific positioned for stronger 2H in intermodal space
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08:33 EDTCPCanadian Pacific sees FY15 adjusted EPS $10.00-$10.40, consensus $10.47
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08:32 EDTCPCanadian Pacific reports Q2 operating income up 10% to $646M
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08:31 EDTCPCanadian Pacific reports Q2 adjusted EPS $2.45, consensus $2.46
Reports Q2 revenue $1.65B, consensus $1.68B
08:26 EDTCPCanadian Pacific appoints Andrew Reardon as Chairman of the Board
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July 20, 2015
15:01 EDTCPNotable companies reporting before tomorrow's open
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