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

To: Goose94 who wrote (109084)	7/2/2021 8:48:37 AM
From: Goose94	Read Replies (1) \| Respond to of 202784

Canadian National Railway (CNR-T) Credit Suisse analyst Allison Landry remains bullish, believing "favorable" fundamentals will extend well into 2022. Ms. Landry raised her 2022 forecasts for every railway company in her coverage universe with exception of Canadian National Railway. The Credit Suisse stockpicker trimmed her share target for CN by $1 to $121 (all figures U.S.). Analysts on average target the shares $150.60. Ms. Landry continues to rate CN "outperform." Ms. Landry says in a note: "We saw a strong start to Q2 carload growth, helped by easy comps. However, as comps got tougher through the quarter, the rate of volume growth decelerated, with volumes tracking 1 per cent below our initial expectations on average with just one week left in the quarter. Additionally, auto volumes remain constrained given the prolonged 'chip dip.' That said, positive mix dynamics and a strong pricing backdrop should support healthy yield growth, while headcount levels are tracking well below vols; and although the fuel lag is an incremental headwind, we continue to see strong operating leverage."