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Fly News Breaks for January 29, 2020
Jan 29, 2020 | 08:16 EDT
Deutsche Bank analyst Seldon Clarke downgraded Canadian National Railway (CNI) to Hold from Buy with a price target of $90, down from $94. The analyst sees limited earnings growth potential and a "stretched" valuation. Clarke believes Canadian National's earnings growth will be constrained by limited operating leverage and he sees better opportunities for growth at both Canadian Pacific (CP) and Union Pacific (UNP).
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