CN Rail Downgraded to Market Perform at Raymond James

MT newswire2026/10/19 11:35

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07:35 AM EDT, 10/19/2026 (MT Newswires) -- Canadian National Railway Co. (CNR.TO, CNI) was downgraded to market perform from outperform at Raymond James on Monday. Analyst Steve Hansen lowered his price target on the Canadian railway to CA$195 from CA$200. "CN enters 4Q against tougher consolidated comps, with two of its strongest 3Q growth engines, grain and automotive, showing signs of moderation, while intermodal and forestry remain weak," Hansen said in a note to clients. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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