The Globe and Mail reports in its Tuesday, Jan. 13, edition that Desjardins Securities analyst Benoit Poirier has reaffirmed his "buy" recommendation for Canadian Pacific Kansas City. The Globe's David Leeder writes in the Eye On Equities column that Mr. Poirier gave his share target a $3 trim to $130. Analysts on average target the shares at $119.18. Mr. Poirier says in a note: "Volumes underperformed our expectations as grain farmers held back. CP achieved RTM growth of 0.0 per cent year-over-year in Q4, coming in below our 4.3-per-cent estimate. While tariff-linked segments such as forest products were once again weak (like CN), the miss mainly stems from softer-than-expected grain volumes in December, as despite the near-record crop, farmers held back on shipments due to lower grain pricing (as increased global supplies from good harvests have pressured pricing). Adjusting for the weaker volumes, we now forecast 4Q EPS of $1.32 (was $1.38)." The Globe reported on Dec. 12 that Mr. Poirier continued to rate CPKC "buy." The shares could then be had for $103.36.