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Deutsche Bank Turns Bullish On Canadian National Railway

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  • Deutsche Bank analyst Amit Mehrotra upgraded Canadian National Railway (NYSE: CNI) to Buy from Hold and raised the price target to 7 (an upside of 12%), from $129.

  • Mehrotra mentions that the market is underappreciating the potential for positive, operational-led management change at Canadian National "after many years of underperformance."

  • The analyst estimates the company's existing management and board have leftover $1 billion of profits "on the table" over the last six years, which is worth over $20 billion in equity value at today's valuation levels.

  • Mehrotra says this reflects significant underperformance in price and service levels and believes management change will come over the next two months.

  • Price Action: CNI shares are trading lower by 0.16% at $122.14 on the last check Friday.

Latest Ratings for CNI

Jan 2022

Deutsche Bank

Upgrades

Hold

Buy

Jan 2022

Wells Fargo

Maintains

Equal-Weight

Dec 2021

Vertical Research

Downgrades

Buy

Hold

View More Analyst Ratings for CNI
View the Latest Analyst Ratings

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