Citi analyst Ariel Rosa upgraded CN (CNI) to Buy from Neutral with a price target of $130, up from $126. The firm says “muted” investor expectations have created a favorable backdrop for CN to outperform, especially given its high-quality network and outlook for high-single digit annual earnings growth through 2027. CNI benefits from structural network advantages which should enable higher incremental margins as the volume environment improves, the analyst tells investors in a research note.
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