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Canadian National Railway Company (CNI) [hlAlert]

Rating:
Mkt Perform
CNI
down 5.84 %

Canadian National Railway Company (CNI) downgraded to Mkt Perform with price target $94 by FBR Capital

Posted on: Wednesday,  Oct 31, 2012  8:25 AM ET by FBR Capital

FBR Capital rated Mkt Perform Canadian National Railway Company (NYSE: CNI) on 10/31/2012. Previously FBR Capital rated Outperform Canadian National Railway Company (NYSE:
CNI) on 09/07/2012., when the stock price was $45.84. Since then, Canadian National Railway Company has lost 5.85% as of 10/31/2012's recent price of $43.16.
If you would have followed the previous FBR Capital's recommendation on CNI, you would have lost 5.84% of your investment in 54 days.

Canadian National Railway Company (CN) is engaged in the rail and related transportation business. CN?s network of approximately 21,000 route miles of track spans Canada and mid-America, connecting three coasts: the Atlantic, the Pacific and the Gulf of Mexico. CN?s freight revenues are derived from the movement of a diversified portfolio of goods, including petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive. During the year ended December 31, 2008, 19% of revenues came from United States domestic traffic, 31% from transborder traffic, 24% from Canadian domestic traffic and 26% from overseas traffic. In November 2008, CN announced the acquisition of the three railway subsidiaries of the Quebec Railway Corp. and a QRC rail-freight ferry operation. In January 2009, it completed its acquisition of the principal lines of the Elgin, Joliet & Eastern Railway Company (EJ&E).

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/31/2012 8:25 AM Hold
None
43.16 47.00
as of 12/31/2012
1 Week   
1 Month   
3 Months down  -2.16 %
1 YTD down  -5.84 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/7/2012 8:25 AM Buy
None
45.84 57.50

(*) Stock Price at the time of the recommendation.
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