Citigroup Downgrades Canadian National Railway to Neutral, Lowers Price Target to $125
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Christian Wetherbee downgrades Canadian National Railway (NYSE:CNI) from Buy to Neutral and lowers the price target from $139 to $125.
May 22, 2023 | 9:14 am
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Citigroup downgraded Canadian National Railway (NYSE:CNI) to Neutral and reduced the price target from $139 to $125.
The downgrade from Buy to Neutral by Citigroup analyst Christian Wetherbee indicates a less optimistic outlook for Canadian National Railway's stock. The lowered price target from $139 to $125 suggests that the analyst believes the stock's upside potential is limited, which could negatively impact the stock price in the short term.
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