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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (63563)	7/25/2019 8:06:56 AM
From: Goose94	Read Replies (1) \| Respond to of 203540

Canadian National Railway (CNR-T) Desjardins Securities analyst Benoit Poirier says Canadian National Railway's "decent" second quarter financial results were supported by "disciplined" cost-cutting initiatives. Mr. Poirier reiterated his "hold" rating, while elevating his share target to $129 from $128. Analysts on average target the shares at $127.87. Mr. Poirier says in a note: "CNR is guiding to adjusted fully diluted EPS growth in the low double digits from the $5.50 reported in 2018. This compares with our initial forecast and consensus of an increase of 12 per cent year-over-year. ... While CNR still has lots of growth opportunities, we will continue to monitor the situation closely as management reiterated that there is still some softness with some commodities (ie intermodal, lumber products and frac sands). ... We believe the stock is fairly valued considering current uncertainties with key commodities and the limited potential return to our target price." Elsewhere, RBC Dominion Securities analyst Walter Spracklin increased his target by a loonie to $128 with a "sector perform" rating.