CN price target raised to C$159 from C$155 at BMO Capital

BMO Capital raised the firm’s price target on CN (CNI) to C$159 from C$155 and keeps an Outperform rating on the shares. The company’s results came in slightly ahead of expectations on stronger-than-anticipated productivity, while the tone of the conference call was notably more constructive than in recent quarters, with management appearing more energized and focused on executing self-help initiatives, the analyst tells investors in a research note.