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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (45210)	7/10/2018 8:42:21 AM
From: Goose94	Read Replies (2) of 203382

Canadian National Railway (CNR-T) Deutsche Bank analyst Seldon Clarke elevated to "buy" from "hold," expecting strong pricing and operating leverage to drive significant margin expansion and earnings growth. Mr. Clarke, believing CN now sits in a strong position to benefit from top-line growth opportunities, hiked his share target to $95 (U.S.) from $81 (U.S.). Analysts on average target the shares at $83.74 (U.S.). Desjardins Securities analyst Benoit Poirier also increased his share target for CN to $118 (Canadian) from $112 (Canadian), in his earnings preview, calling industry fundamentals "robust." Mr. Poirier rates CN "buy." He sees "strong market conditions" ahead. He says in a note: "The U.S. inventory-to-sales ratio (lagging indicator) has stabilized recently, supporting the increase in volumes since 1H18. In addition, inventories remain slightly above the historical average, providing room for additional improvement in light of better sentiment on U.S. industrial production in 2018 and 2019. We expect the lack of capacity in the truckload industry to continue to positively impact pricing for railroads."

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