01:06 PM EDT, 05/14/2025 (MT Newswires) -- RBC says it came away positive from Tuesday's sessions on both CP Rail and Cargojet ( CGJTF ) at its Industrials Conference

CP management highlighted strong volumes, pricing exceeding inflation, and a fluid network, in addition to easy back half comps, which the analyst sees as pointing to the high end of guidance, especially if the macro environment holds up.

Cargojet ( CGJTF ) also highlighted line of sight to continued double-digit revenue growth in its Canadian domestic business (after mid-teen in Q1) and continued step-function growth in the all-in charter segment. "Recent increases in capex to support robust growth have weighed on sentiment in CJT shares due to their impact on FCF. We now flag upside risk to our 2026 FCF estimate, which implies an 8% FCF yield at current prices, and which we would see as a significant catalyst for the shares."

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