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Fly News Breaks for September 11, 2015
CNI
Sep 11, 2015 | 07:08 EDT
BofA/Merrill upgraded Canadian Natural to Buy and lowered its price target to $64 from $65. Analyst Ken Hoexter said incremental industry data is appears to be getting "less negative" and believes rail carload comps get easier heading into Q4. The analyst views Canadian Natural as one of the best in class providers and would use the pullback as a buying opportunity.