Bernstein raised the firm’s price target on CN (CNI) to $109.44 from $106.47 and keeps a Market Perform rating on the shares. The firm notes Q3 saw top line headwinds, but opex / adjusted OR performance generally strong. A key learning from the last few weeks, Bernstein says, has been that the realignment of intermodal volumes has started to become a reality.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNI:
- Canadian National Railway Announces $700 Million Debt Offering
- Canadian National Railway Releases 2025 Investor Fact Book Amid Economic Uncertainty
- Canadian National Railway’s Strong Q3 Amid Challenges
- CN reports ‘all time monthly record’ for grain movement in October
- CN price target raised to C$146 from C$140 at CIBC