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Canadian Pacific Railway CEO Hunter Harrison Leaving Early

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Can Canadian Pacific Railway Limited (USA) Thrive Without Hunter Harrison?

Can Canadian Pacific Railway Limited (USA) Thrive Without Hunter Harrison?*/

– Canadian Pacific Railway Limited (TSX:CP)(NYSE:CP) has been struggling to break through the $200 level for quite some time.Hunter Harrison left his position as CEO sooner than expected this week while forfeiting $118 million worth of benefits.Keith Creel will step into Harrison’s place at the helm of Canadian Pacific.
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Canadian Pacific Railway Limited (CP) Rating Increased to Outperform at CLSA

Canadian Pacific Railway Limited (CP) Rating Increased to Outperform at CLSA*/

– Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) was upgraded by equities researchers at CLSA from an “underperform” rating to an “outperform” rating in a research report issued on Tuesday.A number of other equities analysts have also weighed in on CP.Barclays PLC lifted their price objective on Canadian Pacific Railway Limited from $165.00 to $172.00 and gave the company an “overweight” rating in a research note on Monday, September 12th.
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Cormark Comments on Canadian Pacific Railway Limited’s FY2016 Earnings (CP)

Cormark Comments on Canadian Pacific Railway Limited’s FY2016 Earnings (CP)*/

– Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Investment analysts at Cormark lowered their FY2016 earnings per share estimates for shares of Canadian Pacific Railway Limited in a research report issued on Wednesday.Cormark analyst D. Tyerman now expects that the brokerage will post earnings per share of $10.31 for the year, down from their previous estimate of $10.60.Cormark also issued estimates for Canadian Pacific Railway Limited’s Q4 2016 earnings at $3.06 EPS, Q1 2017 earnings at $2.57 EPS, Q3 2017 earnings at $3.14 EPS, Q4 2017 earnings at $3.18 EPS and FY2017 earnings at $11.55 EPS.
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Canadian Pacific Railway CEO Hunter Harrison stepping down to take new job

Canadian Pacific Railway CEO Hunter Harrison stepping down to take new job*/

– Hunter Harrison has struck a surprise deal to step down as CEO of Canadian Pacific Railway Ltd. five months ahead of schedule, apparently so he can take a job with a competing railroad.The railway said in a news release after markets closed on Wednesday the 72-year-old would give up benefits and stock options worth up to $118 million, including forfeiting his CP Rail pension, in return for cancelling his non-compete agreement and allowing him to “pursue opportunities involving other Class 1 railroads.”It said he would leave his post immediately and would not accept a three-year consultant’s role announced last summer when his retirement date was given as July 1, 2017.
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Canadian Pacific Railway CEO Hunter Harrison Leaving Early

Canadian Pacific Railway CEO Hunter Harrison Leaving Early*/

– Canadian Pacific Railway Ltd. said Chief Executive Hunter Harrison will step down earlier than expected, leaving company President Keith Creel to steer the railroad forward in a challenging industry plagued by low volume growth.Mr. Harrison, a 72-year-old rail veteran, was brought on board to lead CP in June 2012 after a successful proxy battle waged by U.S. activist investor Bill Ackman.His most recent contract was extended to the end of June 2017, when he was expected to hand over the reins to Mr. Creel.
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