CN Rebounds from Labor Stoppage with Revised Outlook
Company Announcements

CN Rebounds from Labor Stoppage with Revised Outlook

Story Highlights

Canadian National Railway (TSE:CNR) has released an update.

Canadian National Railway (CN) has announced the recovery of its network operations following a labor stoppage, but faces continued demand challenges in some sectors. The company has revised its 2024 financial guidance to a low single-digit EPS growth due to labor disputes, natural disasters, and weaker demand in key markets. Despite these setbacks, CN remains committed to disciplined execution of its operating plan and capital investment program.

For further insights into TSE:CNR stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyNorth American rail traffic up 3.1% for the week ending October 26
TheFlyCN price target raised to $126 from $125 at Citi
TheFlyNorth American rail traffic down down 0.6% for the week ending October 19
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App