Goldman Sachs Maintains Sell on Canadian National Railway, Lowers Price Target to $124
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Jordan Alliger maintains a Sell rating on Canadian National Railway (NYSE:CNI) and lowers the price target from $131 to $124.
October 09, 2024 | 5:16 pm
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NEGATIVE IMPACT
Goldman Sachs has reiterated its Sell rating on Canadian National Railway and reduced the price target from $131 to $124, indicating a bearish outlook.
The Sell rating and lowered price target from a major financial institution like Goldman Sachs suggest a negative outlook on CNI's stock performance. This could lead to a decrease in investor confidence and potential selling pressure in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100