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

To: Goose94 who wrote (96405)	10/22/2020 8:45:50 AM
From: Goose94	Read Replies (1) \| Respond to of 203030

Canadian National Railway (CNR-T) Desjardins Securities analyst Benoit Poirier says in a note: "While it did not reintroduce 2020 guidance, management intends to provide its 2021 outlook with 4Q results. CNR remains confident that it can generate more than $2.5-billion of FCF in 2020, although the NCIB was not reinstated as management remains focused on protecting the balance sheet in the near term." Though Mr. Poirier continues to like CNR in the long term, he thinks "healthy volume recovery is already reflected in the stock's rich valuation." Mr. Poirier continues to rate the shares "hold." Mr. Poirier trimmed his share target to $153 from $156 after lowering his earnings expectations for 2020 and 2021. Analysts on average target the shares at $129.52.