{"id":259951,"date":"2010-02-01T12:37:00","date_gmt":"2010-02-01T17:37:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:389673"},"modified":"2010-02-01T12:37:00","modified_gmt":"2010-02-01T17:37:00","slug":"buy-cp-shares-on-weakness-rbc-analyst","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/259951","title":{"rendered":"Buy CP shares on weakness: RBC analyst"},"content":{"rendered":"<p>Down 7% in just two days, it may be time to scoop up some stock in Canada&#39;s second biggest railway. <\/p>\n<p><a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=CP&amp;id=97394\" >Canadian Pacific Railway Ltd.<\/a> shares have fallen 7% since last Thursday, when management announced fourth-quarter earnings that beat the Street, but also let known their less-than-rosy thoughts about the coming year. &nbsp;<\/p>\n<p><span class=\"rbc_black_times_9\">&quot;Management spent considerable time on<br \/>\n2010 headwinds and a relatively cautious view on volumes,&quot; said Walter Spracklin, RBC Capital Markets analyst.<\/span><\/p>\n<p><span class=\"rbc_black_times_9\">&quot;Even pricing<br \/>\nrenewals of 4% are expected to be negatively impacted in 2010. <\/span><\/p>\n<p><span class=\"rbc_black_times_9\">While the near-term sentiment puts some pressure on<br \/>\nthe share price in the near-term, Mr. Spracklin continues to like the operating leverage opportunity at CP and recommends buying on weakness to clients. <\/span><\/p>\n<p><span class=\"rbc_black_times_9\">He maintained his Outperform rating and $65 price target.<\/span><\/p>\n<p><a href=\"mailto:dpett@nationalpost.com%20\">David Pett<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/np\/aggbug.aspx?PostID=389673\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Down 7% in just two days, it may be time to scoop up some stock in Canada&#39;s second biggest railway. Canadian Pacific Railway Ltd. shares have fallen 7% since last Thursday, when management announced fourth-quarter earnings that beat the Street, but also let known their less-than-rosy thoughts about the coming year. &nbsp; &quot;Management spent considerable [&hellip;]<\/p>\n","protected":false},"author":4060,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-259951","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/259951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4060"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=259951"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/259951\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=259951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=259951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=259951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}