In a report released yesterday, Cherilyn Radbourne from TD Cowen maintained a Buy rating on Canadian National Railway, with a price target of C$164.00.
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Cherilyn Radbourne has given his Buy rating due to a combination of factors tied to both near-term execution and long-term positioning. Management’s 2026 outlook is framed as deliberately cautious, yet supported by a revitalized sales organization that is securing incremental volumes and offsetting the drag from an unusually prolonged freight downturn.
At the same time, Canadian National is uniquely leveraged to Canada’s resource base, port access, and emerging projects such as potash, met coal, LPGs and new intermodal initiatives, which together point to meaningful volume upside later in the decade. Radbourne also sees room for a significant valuation re-rating as the company restores investor confidence, with any cyclical recovery in housing and autos likely to further amplify earnings power and narrow the gap versus peers.
According to TipRanks, Radbourne is ranked #673 out of 12050 analysts.
In another report released on February 2, Citi also maintained a Buy rating on the stock with a $115.00 price target.