Canadian National Railway: Hold Rating Amid Strong Q4 Growth and Future Uncertainties
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Bank of America Securities analyst Ken Hoexter reiterated a Hold rating on Canadian National Railway with a price target of $107. The company showed strong Q4 growth, particularly in Intermodal and Grain & Fertilizers, but faces uncertainties like fuel costs and the removal of the carbon surcharge tax. Concerns also include tariffs, a soft housing market, and consumer demand. Despite these challenges, the price target was raised due to volume upside and operating leverage. Hoexter's mixed outlook justifies the Hold rating.
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