Canadian National Railway sees mixed institutional investment activity but gets a Citigroup "buy" upgrade.

Canadian National Railway (CNI) saw a mix of institutional buy and sell activities, with Saturna Capital reducing its holdings by 5.9%, while others like 1832 Asset Management and Capital International Investors increased their stakes. Citigroup upgraded CNI to a "buy" rating with a target price of $130 after the company reported Q3 earnings of $1.72 EPS, beating forecasts. CNI also saw a new investment of $908,000 from MQS Management LLC, and several analysts recently upgraded the stock to "strong-buy" and "buy."

November 13, 2024
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