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UPDATE: Jefferies & Company Reiterates Underperform Rating, Raises PT on Canadian National Railway

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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.

Latest Ratings for CNI

DateFirmActionFromTo
May 2015Scotia CapitalUpgradesSector PerformOutperform
Apr 2015CIBCUpgradesSector PerformOutperform
Apr 2015DesjardinsDowngradesBuyHold

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