Citigroup Maintains Buy on Canadian National Railway, Lowers Price Target to $123
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 09 2025
0mins
Should l Buy CNI?
Source: Benzinga
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Analyst Views on CNI
Wall Street analysts forecast CNI stock price to rise
15 Analyst Rating
9 Buy
6 Hold
0 Sell
Moderate Buy
Current: 110.290
Low
105.00
Averages
113.56
High
136.77
Current: 110.290
Low
105.00
Averages
113.56
High
136.77
About CNI
Canadian National Railway Company is a transportation and logistics company. The Company's services include rail, intermodal, trucking, and supply chain services. The Company’s rail services offer equipment, customs brokerage services, transloading and distribution, private car storage and others. Its intermodal container services help shippers expand their door-to-door market reach with about 23 strategically placed intermodal terminals. Its intermodal services include temperature-controlled cargo, port partnerships, logistics park, custom brokerage, transloading and distribution, and others. Its trucking services include door-to-door service, import and export dray, interline services, and specialized services. Its supply chain services offer comprehensive services across a range of industries and product types. The Company transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Funding Allocation Details: Each organization will receive $250,000 to enhance their immediate relief and long-term stability services, particularly focusing on support for Indigenous youth, aiming to reduce reliance on overcrowded emergency shelters.
- Impact Assessment of Initiatives: The Ma Mawi Wi Chi Itata Centre and West Central Women's Resource Centre will utilize this funding to strengthen their service capabilities, promoting housing security and life skills development for Indigenous youth and gender-diverse individuals, thereby fostering overall community stability.
- Long-term Commitment and Collaboration: Through its Railroaders for Change initiative, CN demonstrates a long-term commitment to addressing homelessness, aiming to create safer and more supportive living environments by collaborating with local organizations to promote sustainable community development.
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- Network Expansion: This acquisition expands Canadian National Railway's resource road network to over 300 kilometers across Alberta, further solidifying its operational capabilities in the region and laying a foundation for future growth opportunities.
- Capital Redeployment: Through this transaction, Acadian Timber will monetize non-core road infrastructure and redeploy capital into mill upgrades, simplifying area operations while maintaining long-term alignment through its retained 10% interest in the project.
- Operational Responsibility: Following the deal, Canadian National Railway will assume responsibility for road operations and administration, providing high-quality service to support Acadian Timber and all third-party road users, ensuring reliability and consistency in service delivery.
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Canadian National Railway Co: BofA Global Research Upgrades to Buy from Neutral and Increases Target Price to $122 from $117
- Canadian National Railway Announcement: Canadian National Railway (CNR) has raised its target price to $122 from $117.
- Market Impact: This adjustment reflects a positive outlook for the company's performance and potential growth in the market.
See More
CITIGROUP INCREASES TARGET PRICE FOR CANADIAN NATIONAL RAILWAY CO TO $123, UP FROM $115
- Price Increase Announcement: Canadian National Railway has raised its target price to $123 from $115.
- Market Impact: This adjustment reflects the company's positive outlook and potential growth in the railway sector.
See More
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- Cost Control Advantage: Despite management's projection of a fuel-lag impact of C$0.03 to C$0.04 per share, disciplined cost control allows CN to maintain a flat operating ratio of 63.9%, demonstrating resilience in a high diesel price environment.
- Strong Market Performance: Year-to-date, Canadian National Railway's stock has risen by 5.6% and offers a 2.5% dividend yield to new investors, highlighting its attractiveness and stability within the rail sector.
- Analyst Consensus Buy: Both Wall Street and Seeking Alpha analysts have a consensus Buy rating on Canadian National Railway, indicating strong market confidence in its future performance and expected solid follow-through.
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CN Donates $500,000 to Support Homelessness Prevention in Winnipeg
- Donation for Homelessness Support: CN has announced a $500,000 donation to two organizations in Winnipeg, aimed at assisting individuals and families at risk of homelessness, reflecting the company's commitment to community safety and expected to directly improve the lives of hundreds.
- Funding Allocation Details: Each organization will receive $250,000 to enhance their immediate relief and long-term stability services, particularly focusing on support for Indigenous youth, aiming to reduce reliance on overcrowded emergency shelters.
- Impact Assessment of Initiatives: The Ma Mawi Wi Chi Itata Centre and West Central Women's Resource Centre will utilize this funding to strengthen their service capabilities, promoting housing security and life skills development for Indigenous youth and gender-diverse individuals, thereby fostering overall community stability.
- Long-term Commitment and Collaboration: Through its Railroaders for Change initiative, CN demonstrates a long-term commitment to addressing homelessness, aiming to create safer and more supportive living environments by collaborating with local organizations to promote sustainable community development.
See More
Canadian National Railway Acquires 90% Interest in Alberta Resource Road
- Strategic Partnership: Canadian National Railway has entered into a definitive agreement with Acadian Timber Corp. to acquire a 90% interest in the Berland Resource Road, marking the company's first strategic foray into the forestry sector, which is expected to enhance its market position in resource infrastructure.
- Network Expansion: This acquisition expands Canadian National Railway's resource road network to over 300 kilometers across Alberta, further solidifying its operational capabilities in the region and laying a foundation for future growth opportunities.
- Capital Redeployment: Through this transaction, Acadian Timber will monetize non-core road infrastructure and redeploy capital into mill upgrades, simplifying area operations while maintaining long-term alignment through its retained 10% interest in the project.
- Operational Responsibility: Following the deal, Canadian National Railway will assume responsibility for road operations and administration, providing high-quality service to support Acadian Timber and all third-party road users, ensuring reliability and consistency in service delivery.
See More
Bill Gates' Wealth and Investment Strategy
- Wealth Management of Philanthropy: Bill Gates' foundation manages a stock portfolio worth approximately $36 billion, primarily invested in Berkshire Hathaway (25.4%), providing substantial financial support for addressing global health and poverty issues.
- Berkshire Hathaway's Performance: Despite a decline in Berkshire Hathaway's stock price following Warren Buffett's resignation, the company maintains liquid assets totaling $373 billion, demonstrating resilience amid market fluctuations, while new CEO Abel actively seeks investment opportunities to enhance shareholder value.
- WM's Expansion and Growth: WM has driven its adjusted operating margin from 15.1% to 17.1% through the acquisition of Stericycle, rebranded as WM Healthcare Solutions, and expects a 29% growth in free cash flow in 2026, showcasing strong growth potential in the waste management sector.
- Canadian National Railway's Challenges and Opportunities: Despite tariff pressures, Canadian National Railway achieved a 2% revenue increase by boosting grain shipments and intermodal opportunities, with management planning to reduce capital expenditures to support stock buybacks, anticipating improvements in operating ratios and revenue in the future.
See More
Canadian National Railway Co: BofA Global Research Upgrades to Buy from Neutral and Increases Target Price to $122 from $117
- Canadian National Railway Announcement: Canadian National Railway (CNR) has raised its target price to $122 from $117.
- Market Impact: This adjustment reflects a positive outlook for the company's performance and potential growth in the market.
See More
CITIGROUP INCREASES TARGET PRICE FOR CANADIAN NATIONAL RAILWAY CO TO $123, UP FROM $115
- Price Increase Announcement: Canadian National Railway has raised its target price to $123 from $115.
- Market Impact: This adjustment reflects the company's positive outlook and potential growth in the railway sector.
See More
UBS Optimistic on Canadian National Railway's Q1 Earnings Surprise
- Earnings Estimate Upgrade: UBS analyst Thomas Wadewitz raised the Q1 EPS estimate for Canadian National Railway (CNI) to C$1.82, approximately 2% above consensus, reflecting better-than-expected volume trends in grain, petroleum, and intermodal transport.
- Cost Control Advantage: Despite management's projection of a fuel-lag impact of C$0.03 to C$0.04 per share, disciplined cost control allows CN to maintain a flat operating ratio of 63.9%, demonstrating resilience in a high diesel price environment.
- Strong Market Performance: Year-to-date, Canadian National Railway's stock has risen by 5.6% and offers a 2.5% dividend yield to new investors, highlighting its attractiveness and stability within the rail sector.
- Analyst Consensus Buy: Both Wall Street and Seeking Alpha analysts have a consensus Buy rating on Canadian National Railway, indicating strong market confidence in its future performance and expected solid follow-through.
See More
