CN Opposes UP and NS Merger to Protect Competition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Newsfilter
- Merger Opposition: CN will actively participate in the STB process to oppose the merger application of Union Pacific and Norfolk Southern, arguing that the merger would reduce rail transport options for customers and harm market competition.
- Market Control: The merger would create a single entity controlling over 40% of the U.S. freight rail market, potentially leading to increased transportation costs and harming consumer interests.
- Need for Competition: CN emphasizes that protecting competition is essential for keeping costs low and the economy healthy, as the merger would weaken railroad competition and drive prices up.
- Transport Capacity: CN safely transports over 300 million tons of natural resources and manufactured goods annually, with a nearly 20,000-mile rail network connecting key economic regions in Canada and the U.S., supporting sustainable trade and community prosperity.
CNI
$98.2+Infinity%1D
Analyst Views on CNI
Wall Street analysts forecast CNI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CNI is 112.20 USD with a low forecast of 102.00 USD and a high forecast of 128.55 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
9 Buy
7 Hold
0 Sell
Moderate Buy
Current: 99.580
Low
102.00
Averages
112.20
High
128.55
Current: 99.580
Low
102.00
Averages
112.20
High
128.55
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.
