BMO Capital keeps an Outperform rating and C$180 price target on Canadian National after speaking with its Chief Marketing Officer, Doug MacDonald. The company looks well positioned to leverage growing demand for rail capacity in several end markets, including bulk, energy, and intermodal, the analyst tells investors in a research note. Canadian National’s May 2-3 Investor Day should further outline a favorable long-term growth path for the company, the firm added.
Published first on TheFly
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