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Enter Symbol:
Rating: CNI
Equal Weight $61
down 9.00 %

Canadian National Railway Company (NYSE: CNI) reiterated to Equal Weight with price target $61 by Barclays

Thursday,  Jul 16, 2015  2:25 PM ET by Dave Ficere

Barclays reiterated Canadian National Railway Company (NYSE: CNI) to Equal Weight with price target $61. Previously Barclays rated Overweight with price target $72 Canadian National Railway
Company (NYSE: CNI) on 06/30/2014, when the stock price was $65.02. Since then, Canadian National Railway Company's stock price has lost 9% as of 07/16/2015's recent price of $58.97.
If you would have followed the previous Barclays's recommendation on CNI, you would have lost 9% of your investment in 381 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).


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