Canadian Pacific Railway Limited (NYSE:CP) has been frustrated by the weather for the quarter, but once the inclement weather passes, they should soar for the rest of 2011.
Susquehanna said the "bitter cold and record snowfall have reduced network fluidity in recent weeks, while avalanches in Western Canada blocked CP's main line and reduced network capacity to -30% for several days."
Nevertheless, Susquehanna is raising their full year 2011 and full year 2012 EPS estimates from $4.41 and $4.87 to $4.55 and $4.99.
Susquehanna maintains a "Neutral" rating on Canadian Pacific Railway, which closed Thursday at $69.44, gaining $0.95, or 1.39 percent. Susquehanna raised their price target on Canadian Pacific from $68 to $70.
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