The Globe and Mail reports in its Friday, Sept. 15, edition that Raymond James analyst Steve Hansen has reaffirmed his "market perform" recommendation and $115 share target for Canadian Pacific Kansas City. The Globe's David Leeder writes that analysts on average target the shares at $118.93. Mr. Hansen says in a note: "While all Class 1 railroads have underperformed the S&P 500 Index year-to-date, CP stands out as one of the few carriers still clinging to positive gains. Unfortunately, CP's associated valuation, still perched at 22.4 times FY2024, is the one issue still keeping us cautious. ... As much as we truly admire CP's long-term prospects, we view this spread as excessive given CN's outstanding network, attractive growth opportunities, and historical track record for creating shareholder value." The Globe reported on July 28 that ATB Capital analyst Chris Murray maintained CPKC at "outperform" when it was worth $109.93. The Globe reported on Aug. 1 that RBC had reaffirmed its "outperform" recommendation for CPKC. The shares could then be had for $108.50. The Globe reported on Aug. 10 that Credit Suisse analyst Ariel Rosa was sticking with his "neutral" call for CPKC. It was then worth $108.98.