Vetr Top Raters Upgrade Canadian Pacific, Expects 13% Upside

Despite a nearly 40 percent decline in Canadian Pacific Railway Limited (NYSE: CP)'s stock and ongoing uncertainty in M&A activity that could fuel growth and drive synergies, Vetr top raters turned incrementally bullish on the stock's outlook.

Vetr top raters upgraded Canadian Pacific's stock rating to 4.5-stars out of a possible 5-stars. In fact, shares of Canadian Pacific have risen to $120.35 since the prior rating of 4.0-stars was issued 21 days ago.

Related link: Here's how crowdsourced ratings can beat the market.

In addition to an upgrade, 83 percent of the crowd's ratings are bullish and the crowdsourced price target of $136.50 implies a potential upside of more than 13 percent.