Royal Bank Of Canada Raises Canadian National Railway Price Target to $205

Canadian National Railway's (TSE:CNR) price target has been raised to C$205.00 by Royal Bank Of Canada, according to a research report issued on Monday. This increase from C$195.00 represents a potential upside of 12.58% from the stock's previous close.

The firm presently has an 'outperform' rating on the stock and is one of several analysts who have weighed in on Canadian National Railway recently. Evercore upgraded the company from a 'hold' rating to a 'strong-buy' rating in a research report on June 25th, while Susquehanna downgraded it from a 'strong-buy' rating to a 'hold' rating on July 14th.

Other analysts have also increased their price targets for Canadian National Railway. BMO Capital Markets raised its target from C$180.00 to C$195.00 in a report on Monday, and Desjardins increased its target from C$163.00 to C$185.00 with a 'buy' rating on July 9th.

Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, and eight have issued a Hold rating. The stock presently has an average rating of 'Moderate Buy' and an average target price of C$183.29.