Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

BMO Capital Upgrades This Canadian Transportation Company To Outperform - Read Why

BMO Capital CNR NYSE TSX Canadian National Railway Environment
  • BMO Capital analyst Fadi Chamoun upgraded Canadian National Railway Co (TSX:CNR) (NYSE:CNI) to Outperform from Market Perform.
  • The analyst maintained the Price Target for CNR at C$170.
  • While maintaining the C$170 target price, the analyst sees a potential upside of C$190-C$200 if the demand environment remains favorable and the company executes on the large self-help opportunity.
  • In a more muted demand environment, the analyst believes the downside is limited as initiatives to improve efficiency and revenue quality should enable the company to defend its earnings power.
  • According to Chamoun, 2Q22 operating/service and volume trends are also ahead of expectations, prompting to boost in the forecast.
  • Price Action: CNR shares are trading lower by 1.40% at C$145.51 on TSX, and CNI is lower by 1.89% at $112.97 on NYSE on the last check Wednesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
It’s ‘almost impossible’ to eliminate toxic PFAS from your diet. Here’s what you can do
Found in products such as eggs and rice, ‘forever chemicals’ have been linked to cancer, kidney disease and more
The Guardian - US
The Guardian - US
Why sex bias in labs means women are the losers in research into ageing
In laboratories worldwide cages are filled with mice who share a striking similarity: they are all male, say experts
The Guardian - UK
The Guardian - UK
Public advocacy helps musicians’ fame and fortune, new study finds
Musicians often face skepticism from the public when they openly support charitable or social causes. There are often speculations that musicians only do this to serve their own self-interests for reputation or tax purposes. Even established artists cannot avoid the risk of negative publicity.
The Conversation
The Conversation
The Boys is a warning of Trump's endgame
The political assassination plot is a coincidence. Pay attention to the empty unity rhetoric and what happens next
Salon
Salon
80 Times People ‘Ate The Onion’ And Fell For Satirical News Headlines
In this day and age of the internet, satirical news can pass off as factual. And as this list shows, there are people who will fall for them and unfortunately make a fool of themselves online. The post 80 Times People ‘Ate The Onion’ And Fell For Satirical News Headlines…
Bored Panda
Bored Panda
Angelina Jolie has expressed her hope to "end the fighting" with Brad Pitt amid their ongoing divorce
Angelina Jolie has expressed her hope to "end the fighting" with Brad Pitt amid their ongoing divorce
Marie Claire
Marie Claire
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play