CN price target raised to $122 from $120 at Susquehanna

Susquehanna analyst Bascome Majors raised the firm’s price target on CN (CNI) to $122 from $120 and keeps a Positive rating on the shares as part of a Q2 earnings preview. With just a week left in the quarter, rail volumes have come in better than feared, the analyst tells investors in a research note. The firm says macro uncertainty remains high and pressure is “ratcheting up for some markets.”