Canadian Pacific Railway Could See Significant Growth Through 2011 - RBC

While the recession has certainly beaten up the volumes of Canadian Pacific Railway Ltd. (CP), it has also provided a much needed opportunity to strip some costs out of its operations as well.

As its volumes start to recover in the coming years, there is potential that Canada's No. 2 railway could to see some significant earnings growth through 2011, according to Walter Spracklin, RBC Capital Markets analyst, who has become considerably more bullish on the stock after a recent investors trip.