Citigroup Maintains Neutral on Canadian National Railway, Lowers Price Target to $122
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christian Wetherbee maintains a Neutral rating on Canadian National Railway (NYSE:CNI) and has lowered the price target from $125 to $122.
July 11, 2023 | 10:56 am
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Citigroup has maintained a Neutral rating on Canadian National Railway and lowered the price target from $125 to $122.
The news is directly about Canadian National Railway (CNI). Citigroup's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the lowering of the price target could potentially have a slight negative impact, as it suggests that Citigroup believes the stock is currently overvalued.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100