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Canadian National Railway Company (CNI) [hlAlert]

Rating:
Hold CNI
up 32.50 %

Canadian National Railway Company (CNI) downgraded to Hold by Citigroup

Posted on: Monday,  Apr 27, 2009  8:25 AM ET by Citigroup

Citigroup rated Hold Canadian National Railway Company (NYSE: CNI) on 04/27/2009. Previously Citigroup rated Buy Canadian National Railway Company (NYSE: CNI) on
03/06/2009., when the stock price was $15.12. Since then, Canadian National Railway Company has gained 32.51% as of 04/27/2009's recent price of $20.04.
If you would have followed the previous Citigroup's recommendation on CNI, you would have gained 32.5% of your investment in 52 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).

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/27/2009 8:25 AM Hold
None
20.04
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  32.50 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/6/2009 8:25 AM Buy
None
15.12
7/24/2007 9:25 AM Hold
None
27.93

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