The Globe and Mail reports in its Friday, July 28, edition that ATB Capital Markets analyst Chris Murray has reaffirmed his "outperform" recommendation for Canadian Pacific Kansas City. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Murray says any pullback in the shares of CPKC in the wake of weaker-than-expected quarterly results released after the bell on Thursday would be a buying opportunity. Mr. Murray is sticking with his $120 share target. Analysts on average target the shares at $119.53. Mr. Murray says in a note: "CPKC delivered mixed results, which was not unexpected given it is in the early stage of integrating the two networks in the middle of a freight recession. Management acknowledged that headcount remains elevated but views the investment as necessary to support its unique growth outlook. Management reiterated full-year guidance and was upbeat on its volume outlook, with bulk expected to return to growth in H2/23 and intermodal positioned to benefit from its expanded network reach and added capacity in Eastern Canada. ... The quarter reaffirmed our view that CPKC remains a best-in-class growth story and would view any weakness as a buying opportunity."