CP stock falls 1.81 percent as Wells Fargo keeps C$100 target

Published on 10/07/2026 at 17:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Canadian Pacific Kansas City stock posted CAD 4.164 billion in Q2 revenue, up 13 percent year over year. The shares traded at USD 83.88 on October 7, 2026.

CP, CA13646K1084, Illustration mit AI erstellt.

Canadian Pacific Kansas City stock (ISIN CA13646K1084) is facing a Wells Fargo Buy rating with a C$100.00 price target dated October 6, 2026. The analyst action arrives as the stock trades below its 52-week high and ahead of CPKC's third-quarter results date.

Wells Fargo keeps a Buy rating

According to Markets Insider on October 6, 2026, Wells Fargo analyst Christian Wetherbee maintained a Buy rating and set a C$100.00 target for Canadian Pacific Kansas City. The same report says J.P. Morgan maintained a Buy rating with a C$156.00 target on October 5, 2026.

The Canadian-dollar targets are separate from the NYSE quotation in U.S. dollars, so the comparison is directional rather than a direct target-to-price calculation. Wells Fargo's view also contrasts with the more cautious target reduction from Susquehanna that appeared in recent coverage.

Quarterly revenue rose 13 percent

CPKC's Q2 2026 results provide the operating baseline for the analyst views. The company's investor-relations page lists total revenue of CAD 4.164 billion, up 13 percent from the prior-year quarter, and reported operating income of CAD 1.472 billion, up 10 percent.

Reported diluted EPS was CAD 1.15 in Q2 2026, while core adjusted diluted EPS reached CAD 1.27, a 13 percent increase. Those figures show a split picture: revenue and adjusted earnings advanced, but reported EPS declined 14 percent year over year.

Results date sets the next checkpoint

According to Yahoo Finance Canada, CPKC will release its third-quarter 2026 financial and operating results after the market close on October 28, 2026, followed by a conference call at 4:30 p.m. ET. The date gives investors a defined checkpoint for testing whether the Q2 revenue growth rate carried into the next quarter.

Operationally, Canadian Pacific Kansas City said on October 2, 2026, that it moved 2.94 million metric tonnes of grain in Canada and 2.51 million metric tonnes in the United States during September. Both countries set third-quarter records, adding a concrete volume indicator ahead of the earnings release.

CP stock trades below its yearly high

CP stock was last at USD 83.88 on the NYSE at 11:00 a.m. ET on October 7, 2026, down 1.81 percent from the prior close. The session range was USD 83.80 to USD 85.41, while the 52-week range stood at USD 68.42 to USD 96.90.

The market capitalization was USD 73.7 billion as of October 7, 2026. The stock's position below the yearly high keeps the October 28 results release central to the next valuation discussion.