Movement Alert|Canadian National Railway Rises 3.8% in Regular Trading, Multiple Investment Banks Upgrade Ratings and Raise Price Targets

Market Focus06-26

On June 25, Canadian National Railway rose 3.8% in regular trading, trading at $120.54/share, with turnover of $87.18 million.

On the news front, Evercore ISI upgraded Canadian National Railway from In Line to Outperform, raising its price target from $108 to $124. One day prior, RBC Capital Markets raised its target price from CA$178 to CA$195, maintaining an Outperform rating. The current FactSet consensus average target price stands at $116.27, with an overweight rating, suggesting analysts broadly see further upside potential.

The broader railroad sector showed strong momentum. Within the Railroads sector, FTAI Infrastructure rose 3.42%, Canadian Pacific Kansas City rose 3.12%, CSX Corp rose 3.0%, Union Pacific rose 2.42%, and Norfolk Southern rose 2.25%. Canadian National Railway operates a network of approximately 20,000 route miles across Canada and the United States, serving diversified freight segments including intermodal, petroleum and chemicals, grain and fertilizers, and metals and minerals.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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