CN price target raised to $123 from $115 at Citi

Citi raised the firm’s price target on CN (CNI) to $123 from $115 and keeps a Buy rating on the shares. The firm notes that many stocks in Citi’s North America Transportation coverage “appear expensive” barring significant upward revisions to estimates, which the firm says “in many cases feels premature given macro uncertainty.” The firm adjusted targets in the group as part of a Q1 preview.