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Canadian National Railway Company (CNI) [hlAlert]

Rating:
Buy CNI
up 247.38 %

Canadian National Railway Company (CNI) upgraded to Buy by Canaccord Adams

Posted on: Friday,  Jan 23, 2009  9:25 AM ET by Canaccord Adams

Canaccord Adams rated Buy Canadian National Railway Company (NYSE: CNI) on 01/23/2009, when the stock price was $15.99.
Since then, Canadian National Railway Company has gained 247.39% as of 01/27/2016's recent price of $55.53.
If you would have followed this Canaccord Adams's recommendation on CNI, you would have gained 247.38% of your investment in 2560 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).

Canaccord Adams provides focused, actionable, idea-driven research, helping clients make informed investment decisions. Our 55 international analysts scour the globe for emerging and small to mid cap (US$1-2 billion market capitalization) growth opportunities, identifying value and exposing risk. Our research team analyzes over 550 companies in eight sectors, clarifying current events and anticipating market trends in high-quality daily, weekly and monthly research products. Our clients benefit from our thorough and sophisticated knowledge of the sectors we cover - Metals and Mining, Energy, Technology, Life Sciences, Real Estate, Consumer, Sustainability and Industrial Growth. We combine independent, actionable ideas, unique global perspective and unparalleled industry expertise. We believe it's evident in our research, and the foundation of our business.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/23/2009 9:25 AM Buy
None
15.99
as of 12/31/2009
1 Week up  25.65 %
1 Month up  29.90 %
3 Months up  39.47 %
1 YTD up  113.73 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/17/2008 8:25 AM Hold
None
19.17

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