CN Responds to Rejection of UP-NS Merger Application by STB
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Merger Application Rejected: CN supports the Surface Transportation Board's decision to reject the UP-NS merger application due to its incompleteness, highlighting the necessity of full disclosure for assessing such significant transactions.
- Transparency Requirements: CN emphasizes that merger applications must be evaluated on a fully transparent record to ensure effective public interest and competition analysis, reflecting the stringent standards under the new merger rules.
- Importance of Information Disclosure: The Board noted that the applicants failed to provide critical information to assess potential competitive harms, and CN looks forward to robust participation once UP-NS submits a complete application, encouraging customers to engage in the STB process.
- Contribution of Transportation Network: CN safely transports over 300 million tons of natural resources and manufactured goods annually, with a nearly 20,000-mile rail network connecting Canada’s coasts to the U.S., contributing to sustainable trade and community prosperity since 1919.
Analyst Views on CNR
Wall Street analysts forecast CNR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CNR is 122.50 USD with a low forecast of 105.00 USD and a high forecast of 158.00 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.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 98.020
Low
105.00
Averages
122.50
High
158.00
Current: 98.020
Low
105.00
Averages
122.50
High
158.00
About CNR
Core Natural Resources, Inc. is a producer of metallurgical and high calorific value thermal coals for the global marketplace. The Company has a logistical network that is anchored by ownership positions in two East Coast marine export terminals, providing access to seaborne markets. Its segments include High CV Thermal, Metallurgical, PRB and Baltimore Marine Terminal. The High CV Thermal segment consists of its Pennsylvania Mining Complex and the West Elk mine located in Colorado. The Metallurgical segment consists of the Company's Leer, Leer South, Beckley, Mountain Laurel and Itmann coal mines in West Virginia. The PRB segment consists of its Black Thunder and Coal Creek surface mining complexes located in Wyoming. The Baltimore Marine Terminal segment provides coal export terminal services through the Port of Baltimore. It has served various industries and markets, including steel & construction, industrial applications & power generation, and aerospace & advanced materials.
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.
