Deutsche Bank Turns Bullish On Canadian National Railway

  • Deutsche Bank analyst Amit Mehrotra upgraded Canadian National Railway CNI to Buy from Hold and raised the price target to $137 (an upside of 12%), from $129.
  • Mehrotra mentions that the market is underappreciating the potential for positive, operational-led management change at Canadian National "after many years of underperformance."
  • The analyst estimates the company's existing management and board have leftover $1 billion of profits "on the table" over the last six years, which is worth over $20 billion in equity value at today's valuation levels.
  • Mehrotra says this reflects significant underperformance in price and service levels and believes management change will come over the next two months.
  • Price Action: CNI shares are trading lower by 0.16% at $122.14 on the last check Friday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsUpgradesPrice TargetAnalyst RatingsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!