The Globe and Mail reports in its Friday edition that RBC Dominion Securities analyst Walter Spracklin Canadian has reaffirmed his "outperform" recommendation for Canadian Pacific Kansas City. The Globe's David Leeder writes in the Eye On Equities column that Mr. Spracklin boosted his share target by a loonie to $146. Analysts on average target the shares at $138.11. Mr. Spracklin cut his earning-per-share estimate to $1.30 from $1.36. Mr. Spracklin says in a note: "Our positive view on CP centres on a best-in-class railroad ahead of a transformative acquisition, which we believe will set the stage for significant growth and a material upward valuation re-rate. NSC is trading highest in the group as a result of the proposed deal with UNP. CSX's valuation is also higher, likely baking in a takeover premium. CPKC is trading in the middle of the pack and UNP toward the bottom despite both rails having exceptional longer-term opportunities in our view resulting from their respective acquisitions. ... Rails are now trading at a 9-per-cent premium to the index, up from a discount of 21 per cent in January, likely reflecting recovering volumes and indication pricing will inflect as intermodal contracts roll over into 2027."