CN price target lowered to C$180 from C$187 at Raymond James

Raymond James analyst Steve Hansen lowered the firm’s price target on CN to C$180 from C$187 and keeps an Outperform rating on the shares. The price target cut following the company’s FY24 guidance cut, which cited “pressures associated with the company’s recent work stoppage, wildfires in Alberta, and persistent demand weakness across several key sectors.”