SA: Canadian Pacific drops amid DOJ call for railroad regulator to block Kansas City deal
SEEKING ALPHA reports: Canadian Pacific (NYSE:CP) dropped 3.2% as the U.S. Dept. of Justice reiterated that the U.S. ...
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SEEKING ALPHA reports:
Credit Suisse started off coverage on the transportation and logistics sector with a broadly positive view.
The firm pointed to the steep discounts with transports to the broader market and strong fundamentals.
“We see many transportation companies as having strong fundamentals to support their valuations, with less dependence on upbeat narratives relative to other areas of the market,” wrote analyst Ariel Rosa. “We believe current valuations present many attractive opportunities for investors with a long-term horizon,” added Rosa.
Credit Suisse reiterated ...
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