Canadian National Railway Target Price Slashed by Royal Bank Of Canada

Royal Bank Of Canada has lowered its target price for Canadian National Railway (TSE:CNR) to C$198.00, according to a report released on Thursday by BayStreet. This move reflects a potential upside of 16.26% from the stock's current price.

The brokerage maintains an 'outperform' rating on the stock and joins other analysts who have recently updated their target prices for CNR. JPMorgan Chase & Co., for example, increased its price objective to C$182.00 in a research report on July 27th.

TD upgraded its target price to C$205.00 with a 'buy' rating, while Desjardins raised its target to C$199.00 also with a 'buy' rating.