Citi lowered the firm’s price target on CN (CNI) to $119 from $121 and keeps a Buy rating on the shares as part of a Q3 preview for the transportation sector. The firm expects “tepid” quarters for most of the group due to soft freight rates and unfavorable supply/demand dynamics.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNI:
- CN, Congebec to collaborate on cold storage facility at Calgary Logistics Park
- CN moves over 2.91M metric tons of grain from Western Canada in September
- CN price target lowered to C$153 from C$154 at JPMorgan
- CN price target lowered to C$180 from C$185 at Morgan Stanley
- CN price target lowered to C$150 from C$153 at Scotiabank