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Canadian National Railway Company (CNI) [hlAlert]

Rating:
Hold CNI

Canadian National Railway Company (CNI) rated Hold

Posted on: Thursday,  Oct 4, 2007  9:25 AM ET by Longbow

Canadian Natl
Rail (CNI) Neutral by Longbow.

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).

Longbow Research is an independent institutional equity research firm based in Cleveland, OH. We provide bottom up fundamental research to over 200 institutional accounts throughout the U.S. and Canada. Our coverage list consists primarily of mid-cap NYSE-listed names, although we also cover a substantial list of small and large cap companies. Our sector focus is on basic materials, industrial, consumer, technology, health care and consumer/business services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/4/2007 9:25 AM Hold
None
27.65
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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