BofA analyst Ken Hoexter lowered the firm’s price target on Canadian National to $134 from $137 and keeps a Buy rating on the shares after having hosted Canadian National’s CFO Ghislain Houle and IR Paul Butcher for investor meetings. The firm increased its 2023, 2024, 2025 EPS estimates 1% each, but tweaks down its price target as it shifts its target multiple a bit down to one reflective of nearing an economic trough.
Published first on TheFly
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