Canadian National Railway Company (NYSE:CNI) is included among the 15 Best Low Volatility Blue Chip Stocks to Buy Now.
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On April 7, JPMorgan analyst Brian Ossenbeck raised the firm’s price recommendation on Canadian National Railway Company (NYSE:CNI) to C$153 from C$147. It reiterated a Neutral rating. The update came as part of a broader Q1 preview for the transportation and logistics group. The analyst said surface transportation rates are unlikely to return to last year’s lows, according to a research note. JPMorgan also noted it sees “more stocks to own than avoid” heading into earnings. At the same time, the firm believes it is too early to expect positive earnings revisions until freight demand shows more durable strength.
On April 7, Citigroup raised its price target on CN (CNI) to $123 from $115 and maintained a Buy rating. The firm said many stocks in its North America Transportation coverage “appear expensive” unless estimates move meaningfully higher. It added that such revisions still feel premature given ongoing macro uncertainty. The changes were also part of a Q1 preview.
Canadian National Railway Company (NYSE:CNI) operates as a transportation and logistics provider. The company offers rail, intermodal, trucking, and broader supply chain services. Its rail segment includes equipment services, customs brokerage, transloading and distribution, as well as private railcar storage.
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