"RBC argues that CN offers the best earnings upside among Class I railroads, driven by strong volume trends and network fluidity that the company's discounted valuation has not yet priced in."
"CN set an all-time annual record in 2025 for Western Canadian grain shipments, with monthly records in October, November, and December."
"The Edson Sub is now 63% double track, up from roughly 40%, creating approximately six trains of additional capacity in that corridor."
Canadian National Railway has experienced volatility in its stock price, gaining 13% early in the year but falling nearly 10% since. The current consensus price target is $110.25 USD, while RBC Capital has raised its target to C$160, indicating strong earnings potential. Key drivers include improved network fluidity, record grain shipments, and a new share repurchase program. CN's operating ratio has improved significantly, suggesting it is closing the efficiency gap with competitors, positioning it well for future growth.
Read at 24/7 Wall St.
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