Canadian National price target raised to $130 from $126 at Barclays

Barclays raised the firm’s price target on Canadian National to $130 from $126 and keeps an Equal Weight rating on the shares post the Q1 results. A "mild" increase in earnings guidance and an announcement of an intermodal marketing partnership with Union Pacific and Ferromex "should please investors," the analyst tells investors in a research note. However, increasingly cautious commentary around end markets leaves uncertainty around 2023 expectations, says the firm.