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Fly News Breaks for May 25, 2018
CNI
May 25, 2018 | 06:58 EDT
Deutsche Bank analyst Seldon Clarke last night upgraded Canadian National Railway to Hold from Sell and raised his price target for the shares to $81 from $69. With recent "solid" improvement in both service and volume trends, the company's capex will likely plateau as a percentage of sales in 2019, Clarke tells investors in a research note. As such, he sees a lack of negative catalysts in the near- to medium-term.