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Canadian National Railway Company (CNI) [hlAlert]

Rating:
Overweight
CNI
down 21.03 %

Canadian National Railway Company (CNI) upgraded to Overweight with price target $72 by Barclays

Posted on: Monday,  Jun 30, 2014  12:00 AM ET by Barclays

Barclays rated Overweight Canadian National Railway Company (NYSE: CNI) on 06/30/2014. Previously Barclays rated Equal Weight Canadian National Railway Company (NYSE: CNI)
on 05/22/2013., when the stock price was $51.35. Since then, Canadian National Railway Company has gained 26.63% as of 06/30/2014's recent price of $65.02.
If you would have followed the previous Barclays's recommendation on CNI, you would have lost 21.03% of your investment in 404 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).

Barclays
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/16/2015 2:25 PM Buy
None
58.97 61.00
as of 10/17/2014
1 Week up  1.25 %
1 Month down  -11.67 %
3 Months down  -2.12 %
1 YTD down  -13.60 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/30/2014 12:00 AM Buy
None
65.02 72.00
5/22/2013 2:25 PM Sell
None
51.35 53.00
1/7/2013 2:25 PM Sell
None
46.06 51.00
4/10/2012 1:25 PM Sell
None
38.05 41.00

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