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Canadian National Railway Company (CNI) [hlAlert]

Rating:
Hold CNI

Canadian National Railway Company (CNI) rated Hold

Posted on: Tuesday,  Oct 23, 2007  1:25 PM ET by Deutsche Securities

Canadian Natl Rail (CNI)
rated Hold with price target $52 by Deutsche Securities.

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).

Deutsche Bank's award-winning Research team manages a range of functions from asset allocation, through economic forecasting across a broad range of industry sectors including cement and construction, chemicals, electronics, energy, engineering, machinery, media, software, tobacco, retailing and utilities, and oil and gas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/23/2007 1:25 PM Hold
None
26.02 26.00
as of 12/24/2008
1 Week down  -2.37 %
1 Month up  13.62 %
3 Months up  21.01 %
1 YTD down  -20.88 %

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