July 9, 2018 / 10:42 AM / a month ago

BUZZ-Canadian National Railway: Top-rated analyst bumps rating to 'buy'

** Deutsche Bank raises U.S.-listed shares of Canadian National Railway to “buy” from “hold”, ups PT by $14 to $95

** Analyst Seldon Clarke says have increased conviction in railroad co’s longer-term growth prospects on the back of investments in track, locomotives, and terminals

** Clarke believes mid-single digit revenue-ton-mile growth is sustainable through 2020; sees significant potential for CNI to expand margins based on strong pricing and operating leverage

** Clarke’s 4 out of 5 stars for his recommendation accuracy on CNI is the highest among 25 brokerages covering stock, per TR StarMine

** Overall rating for CNI is “hold” with 10 rating it “buy” or higher and 15 “hold”; mean PT at $85.25 which has risen ~3 pct in the last 3 months

** CNI is down 4.4 pct from a 52-week high it hit in early-January; Stock is off 0.6 pct this year (Reporting by Medha Singh in Bengaluru)

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