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Barclays Raises Numbers on Canadian National Railway (CNI); Negative Coal Sentiment Still Weighs

April 24, 2012 2:02 PM EDT Send to a Friend
Get Alerts CNI Hot Sheet
Price: $56.71 --0%

Rating Summary:
    9 Buy, 11 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Barclays maintains an 'Underweight' on Canadian National Railway (NYSE: CNI) price target raised from $82 to $85.

Analyst, Brandon R. Oglenski, said, "CN delivered solid first quarter results as the industry's margin leader benefited from a mild winter, improved cost performance and solid pricing gains...Although we see signs of encouraging earnings development for CN, we still favor greater exposure to the U.S. rails given significant negative coal sentiment."

"Our model moves mostly higher for the year based on the first quarter beat. However, we are also carrying forward more favorable revenue and cost trends creating some upside to prior expectations; 2012 goes to $5.55 from $5.30. (FY13 from $5.95 to $6.05)

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 $80.01 yesterday.




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Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

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Barclays, Earnings

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