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Fly News Breaks for January 29, 2020
UNP, CP, CNI
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).
News For CNI;CP;UNP From the Last 2 Days
UNP
May 20, 2022 | 16:31 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
UNP
May 19, 2022 | 09:54 EDT
Institutional investors and professional traders rely on The Fly to learn which companies the best analysts on Wall Street are saying to buy and sell. Research analysts at... To see the rest of the story go to thefly.com. See Story Here
UNP
May 19, 2022 | 12:16 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
CNI
May 19, 2022 | 05:44 EDT
Citi analyst Christian Weatherbee lowered the firm's price target on Canadian National to $132 from $140 and keeps a Buy rating on the shares. The analyst downgraded three stocks in U.S. rails and lowered estimates across the board for the group. He sees near-term risk in a decelerating freight and economic environment and notes that rail valuations have actually improved relative to the market while earnings growth expectations are at their highest. A more cautious approach is warranted given "freight warning signs" and "persistent" service issues, Wetherbee tells investors in a research note. He believes these can result in a "delayed operational reaction to a true downturn."