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Desjardins Keeps Their Buy Rating on Canadian National Railway (CNI)

Tipranks - Tipranks - Tue Feb 3, 4:34PM CST

Desjardins analyst maintained a Buy rating on Canadian National Railway today and set a price target of C$156.00.

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In addition to Desjardins, Canadian National Railway also received a Buy from Citi’s Ariel Rosa in a report issued today. However, on the same day, UBS downgraded Canadian National Railway (NYSE: CNI) to a Hold.

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Based on Canadian National Railway’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$4.46 billion and a net profit of C$1.25 billion. In comparison, last year the company earned a revenue of C$4.36 billion and had a net profit of C$1.15 billion

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CNI in relation to earlier this year.

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