BofA analyst Ken Hoexter lowered the firm’s price target on CN (CNI) to $112 from $119 and keeps a Neutral rating on the shares. Canadian National’s revenue-ton-miles trended down approximately 3.2% year-over-year in Q4, which was below the firm’s prior 2.3% estimate, notes the analyst, who lowered the firm’s Q4, 2024, and 2025 EPS estimates 8%, 2%, and 3%, respectively.
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