Susquehanna raised the firm’s price target on Canadian National to $143 from $115 and keeps a Neutral rating on the shares. The firm doesn’t believe rails are “spring-loaded into January,” but does finally see 2024 consensus as “rational” and expects rail sentiment to improve through 2024, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CNI:
- CN Announces Remi G. Lalonde as Executive Vice-President
- CN to Report Fourth-Quarter and Full-Year 2023 Financial and Operating Results on January 23, 2024
- North American rail traffic up 4.4% for the week ending December 30
- North American rail traffic up 23.3% for the week ending December 23
- Canadian National price target raised to C$172 from C$168 at National Bank
