Canadian National Railways Faces Rising Earnings Pressure And Network Challenges, Analyst Downgrades Stock
Portfolio Pulse from Nabaparna Bhattacharya
BofA Securities downgraded Canadian National Railway (CNI) from Buy to Neutral, citing rising earnings pressure and network challenges. The price target was reduced from $129 to $122. The company faces labor issues, network disruptions, and declining volumes, impacting its financial outlook.
October 04, 2024 | 5:23 pm
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BofA Securities downgraded Canadian National Railway to Neutral due to rising earnings pressure and network challenges. The price target was lowered from $129 to $122. Labor issues and network disruptions have affected volumes and financial outlook.
The downgrade from Buy to Neutral by BofA Securities, along with a reduced price target, indicates a negative outlook. The company's challenges, including labor issues and network disruptions, are expected to impact earnings and stock performance negatively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100