BMO Capital lowered the firm’s price target on Canadian National to C$182 from C$188 and keeps an Outperform rating on the shares. The company’s Q2 results fell below the recently lowered expectations and its guidance was reduced, but while there is still risk to the FY24 outlook given ongoing labor uncertainty and related volume diversions, these headwinds should be “transitory”, the analyst tells investors in a research note.
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