Susquehanna raised the firm’s price target on Canadian National to $115 from $112 and keeps a Neutral rating on the shares. The firm raised its estimates as management was moderately more bullish on the early prospects for 2024 than expected despite some hedging for macro risk.
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Read More on CNI:
- Canadian National price target raised to $113 from $109
- Canadian National announces additional C$500M for normal course issuer bid
- Canadian National backs FY23 adjusted EPS view flat to slightly negative
- Canadian National reports Q3 EPS C$1.69 vs. C$2.13 last year
- CN Announces Third Quarter Results
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