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CN price target raised to C$155 from C$146 at CIBC
TipRanks
Wed, May 21, 2025, 8:55 AM 1 min read
In This Article:
CIBC raised the firm’s price target on CN (CNI) to C$155 from C$146 and keeps a Neutral rating on the shares. The firm says it has seen improved sentiment across the freight transportation sector given the 90-day delay in the 145% tariffs on Chinese goods, along with the corresponding reduction on U.S. goods imported to China to 10%. This “helps de-risk the outlook for the freight sector,” the analyst tells investors in a research note. As such, CIBC took up target multiples in the group.
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