Susquehanna analyst Bascome Majors lowered the firm’s price target on CN to $115 from $120 and keeps a Positive rating on the shares as part of a Q3 earnings preview for the railroads. Rail volumes in the quarter were the most in line with Susquehanna’s prior-quarter forecasts than in some time, the analyst tells investors in a research note. Susquehanna remains Positive on Union Pacific (UNP), Canadian Pacific Kansas City (CP) and CN (CNI).
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