Canadian National Railway (TSE:CNR) Upgraded by TD Securities to Buy

Canadian National Railway (TSE:CNR) (NYSE:CNI) was upgraded by research analysts at TD Securities from a “hold” rating to a “buy” rating in a report released on Thursday, November 30th. The brokerage currently has a C$115.00 price objective on the stock, up from their prior price objective of C$110.00. TD Securities’ price target would suggest a potential upside of 11.56% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Raymond James Financial cut shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and set a C$115.00 price objective on the stock. in a research report on Thursday, October 26th. Desjardins upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Royal Bank Of Canada decreased their price objective on shares of Canadian National Railway from C$114.00 to C$113.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 25th. Scotiabank decreased their price objective on shares of Canadian National Railway from C$115.00 to C$113.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 25th. Finally, National Bank Financial increased their price target on shares of Canadian National Railway from C$105.00 to C$108.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$108.60.

Shares of Canadian National Railway (TSE:CNR) opened at C$103.08 on Thursday. Canadian National Railway has a fifty-two week low of C$87.82 and a fifty-two week high of C$108.64.

In related news, insider Sean Finn sold 11,168 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of C$100.75, for a total transaction of C$1,125,176.00. Also, insider Jean-Jacques Ruest sold 31,464 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of C$81.99, for a total value of C$2,579,733.36.

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About Canadian National Railway

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

Analyst Recommendations for Canadian National Railway (TSE:CNR)

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