Susquehanna Maintains Neutral on Canadian National Railway, Raises Price Target to $142
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Bascome Majors maintains a Neutral rating on Canadian National Railway (CNI) and raises the price target from $140 to $142.
April 24, 2024 | 12:11 pm
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Susquehanna maintains a Neutral rating on Canadian National Railway and raises the price target from $140 to $142.
The increase in price target by Susquehanna reflects a positive adjustment in their valuation of CNI, suggesting a slight optimism about the company's future performance. However, the maintenance of a Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the potential upside with existing risks. This could lead to a modest positive reaction in the short term as investors adjust their expectations based on the new price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100