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CN price target lowered to $107 from $112 at BofA

CN price target lowered to $107 from $112 at BofA

BofA analyst Ken Hoexter lowered the firm’s price target on CN (CNI) to $107 from $112 and keeps a Neutral rating on the shares. Canadian National’s Q1-to-date Revenue Ton Miles are up 1.1% year-year, below the firm’s prior 7.0% estimate, notes the analyst, who lowered the firm’s Q1 EPS view 3% to C$1.78 from C$1.83.

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