Susquehanna lowered the firm’s price target on CN (CNI) to $120 from $122 and keeps a Positive rating on the shares. The firm updated its model following Q2 results which saw an operating miss on weaker grain/merchandise revenue, partially offset by lower fuel pricing.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNI:
- Canadian National Railway: Hold Rating Amid Economic Uncertainty and Strategic Adjustments
- CN price target lowered to $157 from $161 at RBC Capital
- CN price target lowered to $117 from $120 at Wells Fargo
- CN downgraded to In Line from Outperform at Evercore ISI
- CN price target lowered to $99 from $106 at Barclays