Canadian National Railway (CNI): Raising PT After Beat/Raise - Cowen

Cowen analyst, Jason Seidl, reiterated his Outperform rating on shares of Canadian National Railway (NYSE: CNI) and raised his price target to $81 after results and core pricing were solid and CNI raised its EPS guidance.

Despite the PT increase to $81 from $77, the analyst did not raise his estimates which were already above guidance and consensus. The price target increase was due to multiple expansion as the rail environment improves.

For an analyst ratings summary and ratings history on Canadian National Railway click here. For more ratings news on Canadian National Railway click here.

Shares of Canadian National Railway closed at $75.66 yesterday.

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