Susquehanna lowered the firm’s price target on CN (CNI) to $115 from $125. The firm said Rails enter 2025 like they ended 2024, with intermodal leading volume growth for most, sluggish demand in higher-value industrial business and coal, negative mix from outsized intermodal growth and lower diesel prices dragging down RPU, and sell-side consensus reflecting modest margin optimism versus. typical margin seasonality nearer-term.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNI:
- CN upgraded to Overweight from Neutral at JPMorgan
- CN price target lowered to $125 from $133 at Wells Fargo
- CN announces Unifor ratifies four-year tenative collective agreements
- North American rail traffic up 1.5% for the week ending December 14
- North American rail traffic up 2.2% for the week ending December 7
Questions or Comments about the article? Write to editor@tipranks.com