Citi analyst Ariel Rosa upgraded CN (CNI) to Buy from Neutral with a price target of $130, up from $126. The firm says “muted” investor expectations have created a favorable backdrop for CN to outperform, especially given its high-quality network and outlook for high-single digit annual earnings growth through 2027. CNI benefits from structural network advantages which should enable higher incremental margins as the volume environment improves, the analyst tells investors in a research note.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNI:
- North American rail traffic up 5.9% for the week ending November 2
- North American rail traffic up 3.1% for the week ending October 26
- CN price target raised to $126 from $125 at Citi
- North American rail traffic down down 0.6% for the week ending October 19
- CN price target lowered to C$178 from C$181 at National Bank