RBC Capital analyst Walter Spracklin raised the firm’s price target on Canadian National to C$164 from C$158 and keeps a Sector Perform rating on the shares. The company’s Q4 results came in slightly ahead of consensus expectations and the 10% EPS guidance for 2024 was exactly what RBC had expected, the analyst tells investors in a research note. The key for Canadian National is that the company’s underlying projections of mid single digit volume growth suggests some room for upside, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CNI:
- CN Announces Fourth Quarter and Year-End Results
- CN Announces New Normal Course Issuer Bid for Share Repurchase and 7% Dividend Increase
- Canadian National price target raised to C$185 from C$175 at Raymond James
- Canadian National price target raised to C$173 from C$168 at Scotiabank
- Hedge Funds Earned Record Profits in 2023
