(The following report appeared at NewRatings.com on March 24.)
NEW YORK — Analysts at Deutsche Bank Securities reiterate their “buy” rating on the Canadian National Railway Company (CNI), while reducing their estimates for the company. The target price is set to $44.
In a research note published this morning, the analysts mention that the company’s earnings are expected to rebound with end of the Canadian Auto Workers’ strike. Deutsche Bank Securities says that the strike is not expected to have any negative impact on Canadian National Railway’s earnings growth in the long term. The EPS estimate for 2004 has been reduced from $2.87 to $2.81.