UPDATE: Jefferies & Company Reiterates Underperform Rating, Raises PT on Canadian National Railway
In a report published Wednesday, Jefferies & Company reiterated its Underperform rating on Canadian National Railway (NYSE: CNI), and raised its price target from $79.00 to $84.00.
Jefferies noted, “CNI reported inline 4Q:12 EPS as improved cost management offset decelerating revenues. With guidance a tad light and an increasing reliance on topline growth to drive EPS, we see better opportunity elsewhere in transports.”
Canadian National Railway closed on Tuesday at $94.44.
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