As previously reported, Raymond James upgraded Canadian National to Outperform from Market Perform and raised its price target to $104 from $94. Analyst Steve Hansen continues to believe 'bulk pendulum' traffic thesis will result in the return of healthy top-line growth for both Canadian railroads in 2017 following a year of steep volume declines in iron ore, met coal, and frac stand. Further, he sees tailwinds from pension expense relief and lower tax rates in the US.
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here