BUZZ-Brokerages lower Canadian National Railway PT after cut in profit forecast
Reuters · 09/11 12:20
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** Brokerages cut target price on Toronto-listed stock of Canadian National Railway CNR.TO
** CNR lowered 2024 profit forecast, citing impact of labor stoppages and wildfires in Alberta, triggering PT cuts from multiple brokerages
** Nine of 25 brokerages rate the stock "buy" or higher, 14 "hold" and two "sell" or lower; their median PT is $178.50
** Up to last close, CNR down 5.34% this year
($1 = 1.3574 Canadian dollars)
Brokerage |
New PT |
Old PT |
CIBC Bank |
C$160 |
C$170 |
RBC |
C$160 |
C$169 |
Bank of America |
C$129 |
C$132 |
Scotiabank |
C$180 |
C$187 |
BMO |
C$178 |
C$182 |
Raymond James |
C$180 |
C$187 |
(Reporting by Anshuman Tripathy in Bengaluru)
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