Susquehanna Raises its Price Target on Canadian Pacific Kansas (CP)

On June 5, 2026, Susquehanna expert Harrison Bauer raised the firm’s terms people connected Canadian Pacific Kansas City Limited (NYSE:CP) to $104 from $95 and maintained a Positive standing connected the shares. Bauer said obstruction volumes look to beryllium moving up of expectations, with ISM readings “encouraging” aft expanding for 5 consecutive months. Bauer besides noted determination was nary motion that higher substance costs were weighing connected concern demand.

On June 2, 2026, Canadian Pacific Kansas City Limited (NYSE:CP) said it broke its May monthly grounds for transporting Canadian atom and atom products, moving 2.9 cardinal metric tonnes successful May 2026. The effect topped the anterior May tonnage grounds acceptable successful May 2020. The institution besides acceptable a caller May monthly carload grounds with 30,324 carloads, surpassing the erstwhile precocious from May 2020. Through Week 43 of the 2025-2026 harvest year, CPKC transported much than 25.3 MMT of Canadian atom and atom products.

Last month, Canadian Pacific Kansas City Limited (NYSE:CP) besides said it broke its April monthly grounds for transporting Canadian atom and atom products, moving 2.9M metric tonnes successful April. April carloads reached 30,381, besides a caller monthly record. CPKC said Q1 totals of 7.2 MMT surpassed the anterior first-quarter grounds acceptable successful 2021, portion Canadian atom and atom merchandise volumes done the archetypal 38 weeks of the 2025-2026 harvest twelvemonth reached much than 21.9 MMT.

Canadian Pacific Kansas City Limited (NYSE:CP) owns and operates a transcontinental freight railway successful Canada, the United States, and Mexico.

While we admit the imaginable of CP arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double successful 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey connected Google News.