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Fly News Breaks for July 16, 2015
CNI
Jul 16, 2015 | 05:41 EDT
Barclays analyst Brandon Oglenski downgraded Canadian National (CNI) to Equal Weight and other rail names after lowering his rating on the North America Airfreight & Ground Transportation space to Neutral from Positive. The analyst sees a lack of positive catalysts amid softer industrial demand, high relative inventories and U.S. dollar appreciation. He lowered his price target for shares to $61 from $67.
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