B of A Securities Downgrades Canadian National Railway to Neutral, Lowers Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Canadian National Railway (NYSE:CNI) from Buy to Neutral and lowered the price target from $131 to $115.
October 05, 2023 | 2:25 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Canadian National Railway has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target of $115.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for the company. The lowered price target from $131 to $115 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100