Canadian National Railway shares are trading lower after Deutsche Bank downgraded the stock from Buy to Hold and lowered its price target from $125 to $121.
Portfolio Pulse from Benzinga Newsdesk
Shares of Canadian National Railway (CNI) are trading lower following a downgrade by Deutsche Bank from 'Buy' to 'Hold'. Additionally, Deutsche Bank reduced its price target for CNI from $125 to $121.
November 27, 2023 | 5:03 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Canadian National Railway's stock is experiencing a decline after Deutsche Bank downgraded the stock and lowered the price target.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less favorable outlook for the company. The reduction in the price target further implies a lower expected future stock price, which can also negatively impact investor sentiment and the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100