Deutsche Bank analyst Seldon Clarke upgraded Canadian National Railway to Buy from Hold and raised his price target for the shares to $95 from $81. The company's period of incremental capital investment has "sown the seeds of recovery," Clarke tells investors in a research note. He believes Canadian National is now in a better position to benefit from the top-line growth opportunities it has been highlighting since its investor day last June. Further, the analyst expects "strong" pricing and operating leverage to drive "significant" margin expansion and earnings growth.