EU and US could reach trade deal this weekend - Reuters
Investing.com - Bernstein SocGen Group lowered its price target on Canadian National Railway (TSX:CNR) (NYSE:CNR) to C$149.00 from C$158.00 while maintaining a Market Perform rating.
The price target reduction comes after Canadian National Railway reported second-quarter 2025 adjusted diluted earnings per share of C$1.87, which aligned with analyst expectations. Bernstein’s estimate was C$1.85, while the street consensus was C$1.88.
Bernstein cited tariffs affecting railroads and a murky outlook as key factors behind the decision. The firm lowered its estimates for Canadian National Railway by 3% for fiscal year 2025 and 5% for fiscal year 2026.
The analyst note mentioned that Canadian National Railway’s stock may remain "stuck" until positive trade resolutions emerge or the Canadian government makes decisions to unlock the country’s energy potential.
Bernstein highlighted Canadian National Railway’s strategic position as "the one company square in the middle of connecting Canadian’s northern energy reserves with the world," suggesting potential future opportunities despite current challenges.
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