Morgan Stanley raised the firm’s price target on CN (CNI) to C$190 from C$180 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the freight transportation group as part of its 2026 outlook. It upgraded its freight transportation industry view to Attractive from In-Line for 2026. Risk/rewards are the best they have been since 2020, “even if the coast is not entirely clear,” the analyst tells investors.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNI:
- CIBC upgrades CN to Outperformer on improving cash flow and earnings outlook
- CN upgraded to Outperformer from Neutral at CIBC
- Elon Musk Warns Bill Gates over Long-Running Tesla (TSLA) Short Bet
- CN price target raised to $109.44 from $106.47 at Bernstein
- Canadian National Railway Announces $700 Million Debt Offering