Canadian National Railway Gets Price Target Hikes By Analysts After Q1 Results

Canadian National Railway Company CNI reported strong Q1 financial results.

Canadian National Railway posted adjusted earnings of $1.35 per share, beating market estimates of $1.26 per share. The company’s quarterly sales came in at $3.19 billion, versus expectations of $3.11 billion.

Canadian National Railway Now said it sees 2023 mid single-digit adjusted EPS growth over 2022.

Canadian National Railway shares gained 3% to $128.05 in pre-market trading.

These analysts made changes to their price targets on Canadian National Railway following earnings announcement.

• Barclays boosted the price target on Canadian National Railway from $126 to $130. Barclays analyst Tracy Benguigui maintained an Equal-Weight rating.
• Credit Suisse raised the price target on Canadian National Railway from $126 to $133. Credit Suisse analyst Ariel Rosa maintained a Neutral rating
• Wells Fargo increased the price target on Canadian National Railway from $115 to $125.. Wells Fargo analyst Allison Poliniak maintained an Equal-Weight rating on the stock.
• Susquehanna raised the Canadian National Railway price target from $114 to $116. Susquehanna analyst Bascome Majors maintained a Neutral rating on the stock.

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