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Fly News Breaks for October 1, 2019
CNI
Oct 1, 2019 | 06:13 EDT
Stephens analyst Justin Long downgraded Canadian National Railway to Equal Weight from Overweight and lowered his price target for the shares to $97 from $100. The analyst thinks the near-term setup for shares has become more challenging with recent volume underperformance, a "tough" Q4 volume comp and a more mature model that could make it tougher to drive significant cost cuts. As such, despite continuing to view Canadian National favorably over the long term given, the analyst sees a more balanced risk/reward profile over the next 12 months.
News For CNI From the Last 2 Days
CNI
Apr 18, 2024 | 16:36 EDT
