RBC Capital raised the firm’s price target on CN (CNI) to C$160 from C$151 and keeps an Outperform rating on the shares as part of a broader research note previewing Q1 results for Class I railroads. The firm sees the company delivering the best earnings upside given strong volume and network fluidity, the analyst tells investors in a research note. RBC adds that CN’s recent volume trends and strong operating performance are not reflected in the company’s discounted valuation.
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