UPDATE: Raymond James Upgrades Canadian Pacific Railway Limited to Outperform on Solid 1Q13 Results

In a report published Thursday, Raymond James analyst Steve Hansen upgraded the rating on Canadian Pacific Railway Limited (NYSE: CP ) from Market Perform to Outperform, and raised the price target from C$130.00 to C$145.00. In the report, Hansen noted, “We are increasing our target to $145.00 (vs. $130.00 previously)