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Fly News Breaks for October 13, 2015
CNI
Oct 13, 2015 | 06:42 EDT
Canaccord downgraded Canadian National to Hold from Buy and lowered its price target to C$83. Analyst David Tyerman said Canadian National's current valuation discounts most of the expected earnings gains over the next year and the premium valuation is not supported by discounted cash flow.
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