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Fly News Breaks for March 6, 2018
CNI
Mar 6, 2018 | 07:16 EDT
As previously reported, BofA/Merrill downgraded Canadian National to Underperform from Neutral and cut its price target to $72 from $84. Analyst Ken Hoexter said CEO Luc Jabin stepped down at a time when the company's pace of growth is set to stagnate as rising costs to maintain service levels offset volume and pricing gains.
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