B of A Securities Maintains Buy on Canadian National Railway, Lowers Price Target to $129
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Buy rating on Canadian National Railway (NYSE:CNI) but has lowered the price target from $132 to $129.
September 11, 2024 | 12:10 pm
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NEUTRAL IMPACT
B of A Securities has maintained a Buy rating on Canadian National Railway but lowered the price target from $132 to $129, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in CNI's performance, but the lowered price target indicates a slightly reduced expectation for future gains. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100