Dahlman Rose Maintains Hold on Canadian Pacific Railway (CP)

Dahlman Rose is out with its report today on Canadian Pacific Railway (NYSE: CP), maintaining Hold.

In a note to clients, Dahlman Rose writes, "Given our March 22 estimate revision following the company's lowered guidance, we see little need to change our 2011 and 2012 EPS estimates of C$3.85 and C$5.30, respectively. We continue to believe that Canadian Pacific has favorable long-term prospects, but we remain on the sidelines while we try to gain more price visibility and monitor the company's operational progress and execution."

At the time of posting, shares of CP were trading at $62.93, up 0.43% from Thursday's close.