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Upgrade Alert for Canadian National Railway (CNI)

By James Quinn

Canadian National Railway (NYSE:CNI) was upgraded from Market Perform to Outperform at Raymond James today. The stock closed yesterday at $63.32 on volume of 1.7 million shares, above average daily volume of 1.1 million.

Canadian National Railway (NYSE:CNI) has potential upside of 1.9% based on a current price of $63.33 and analysts' consensus price target of $64.51. Canadian National Railway shares have support at the 50-day moving average (MA) of $61.40 and additional support at the 200-day MA of $58.15.

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.

In the past 52 weeks, Canadian National Railway share prices have been bracketed by a low of $46.23 and a high of $66.46 and closed yesterday at $63.33, 37% above that low price. The 200-day and 50-day moving averages have moved 0% lower and 0.37% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Canadian National Railway. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Canadian National Railway in search of a potential trend change.

Keywords: analyst upgrades/downgrades canadian national railway

Ticker(s): CNI