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Downgrade Alert for Canadian National Railway (CNI)

By Nick Russo

Canadian National Railway (NYSE:CNI) was downgraded from Outperform to Market Perform at Raymond James today. The stock closed yesterday at $66.31 on volume of 1.1 million shares, below average daily volume of 1.1 million.

Canadian National Railway (NYSE:CNI) is currently priced 2.7% above its average consensus analyst price target of $64.51. The stock should find initial support at its 50-day moving average (MA) of $61.40 and further support at its 200-day MA of $58.15.

Canadian National Railway share prices have moved between a 52-week high of $67.66 and a 52-week low of $46.23 and closed yesterday at 43% above that low price at $66.31 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

Canadian National Railway Company operates a network of track in Canada and the United States. The Company transports forest products, grain and grain products, coal, sulfur, and fertilizers, intermodal, and automotive products. Canadian National operates a fleet of locomotives and railcars.

SmarTrend is tracking the current trend status for Canadian National Railway and will alert subscribers who have CNI in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades canadian national railway

Ticker(s): CNI