BofA raised the firm’s price target on Canadian National to $140 from $131 and keeps a Neutral rating on the shares after having hosted CFO Ghislain Houle and IR Stacy Alderson at BofA’s Global Industrial Conference. Canadian reiterated its target for mid-single digit volume growth in 2024, its target for 10% EPS growth in 2024 and for 10%- 15% growth long term, noted the analyst, who sees operational momentum as Canadian’s earnings return to growth.
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