Raymond James analyst Steve Hansen raised the firm’s price target on Canadian National to C$190 from C$185 and keeps an Outperform rating on the shares. While Q1 was volatile from a weather standpoint, the firm entered Q2 “even more confident in the traffic recovery that emerged late last year” and it remains “demonstrably upbeat on the outlook for both Canadian railroads,” the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNI:
- CN chief commercial officer Doug MacDonald to retire, Remi Lalonde to succeed
- CN Announces Remi G. Lalonde as Chief Commercial Officer
- North American rail traffic up 1.4% for the week ending April 13
- Canadian National price target raised to $134 from $121 at Stifel
- Yum! downgraded, Cava upgraded: Wall Street’s top analyst calls
