CN Responds to STB's Rejection of UP-NS Merger Application
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Newsfilter
- Merger Application Rejected: CN supports the STB's decision to reject the UP-NS merger application due to its incompleteness, highlighting the necessity of transparency and completeness in merger assessments.
- Transparency Requirements: The STB emphasized that merger applications must be evaluated on a full and transparent record to ensure accurate public interest and competition analyses, reflecting the stringent standards under the new merger rules.
- Call for Participation: CN encourages customers to file notices of intent to participate in the STB review process once UP-NS submits a complete application, ensuring that all stakeholder interests are adequately represented.
- Historical Contribution: CN safely transports over 300 million tons of natural resources and manufactured goods annually, with a nearly 20,000-mile rail network, contributing to sustainable trade and community prosperity since 1919.
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: 99.230
Low
102.00
Averages
112.20
High
128.55
Current: 99.230
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.
