B of A Securities Downgrades Canadian National Railway to Neutral, Lowers Price Target to $122
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Canadian National Railway (NYSE:CNI) from Buy to Neutral and lowered its price target from $129 to $122.
October 04, 2024 | 11:11 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
B of A Securities has downgraded Canadian National Railway from Buy to Neutral, reducing the price target from $129 to $122. This reflects a more cautious outlook on the stock.
The downgrade from Buy to Neutral by B of A Securities suggests a less optimistic view on Canadian National Railway's future performance. The lowered price target indicates expectations of limited upside potential, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100