Canadian National Railway (CNI) Tops Q4 EPS by 2c
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Canadian National Railway (CNI) PT Raised to $96 at Credit Suisse
January 30, 2019 8:11 AM ESTCredit Suisse analyst Allison Landry raised the price target on Canadian National Railway (NYSE: CNI) to $96.00 (from $95.00) while maintaining a Outperform rating. As capacity came online in Q4 following a step up in capex, network fluidity improved, margins inflected positively, and volume growth reaccelerated.
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Canadian National Railway (CNI) PT Raised to $97 at Stephens
January 30, 2019 6:37 AM ESTStephens analyst Justin Long raised the price target on Canadian National Railway (NYSE: CNI) to $97.00 (from $91.00) while maintaining a Overweight rating.
... MoreCanadian National Rail profit beats on higher crude, grain shipments, raises dividend
January 29, 2019 4:09 PM ESTBy Shanti S Nair
(Reuters) - Canadian National Railway Co beat analysts' estimates for quarterly profit on Tuesday, as it transported higher volumes of petroleum crude and Canadian grain.
A lack of pipelines to the United States and oversupply have led Canadian energy producers to look for alternatives such as railroads to ship crude.
As a result, Canada's largest railway operator said total carloads, the amount of freight loaded into cars, rose about 5 percent in the final quarter of 2018.
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