The Globe and Mail reports in its Tuesday, May 2, edition that RBC Dominion Securities analyst Walter Spracklin is sticking with his "outperform" recommendation for Canadian Pacific Kansas City. The Globe's David Leeder writes in the Eye On Equities column that Mr. Spracklin continues to target the shares at $122. Analysts on average target the shares at $118.48. Mr. Spracklin says the sentiment toward CPKC is "neutral" following the release of its first quarter last week. Mr. Spracklin says in a note: "Q1 results were below; however, Q1 is of little concern in our view ahead of the KCS integration. On the outlook, management pointed to advantageous exposure to bulk (grain, potash, coal) and new business wins (auto and international intermodal). Longer-term, management highlighted recent wins with Schneider and Knight-Swift as examples of the opportunity to drive new business with the improved reach of the combined CPKC network. Next up will be added financial disclosure with pro-forma financials followed by Investor Day in late June. No change to our high conviction post Q1." The Globe reported on April 4 that Mr. Spracklin rated the shares "outperform." They could then be had for $103.82.