CN Rail Downgraded to Market Perform at Raymond James

MT newswire2026/10/19 11:35

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07:35 AM EDT, 10/19/2026 (MT Newswires) -- Canadian National Railway Co. (CNR.TO, CNI) was downgraded to market perform from outperform at Raymond James on Monday. Analyst Steve Hansen lowered his price target on the Canadian railway to CA$195 from CA$200. "CN enters 4Q against tougher consolidated comps, with two of its strongest 3Q growth engines, grain and automotive, showing signs of moderation, while intermodal and forestry remain weak," Hansen said in a note to clients. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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The "Future Investment Initiative" summit in Saudi Arabia, known as the "Desert Davos," has announced its postponement. The 10th edition of the event, originally scheduled to take place in Riyadh from October 26 to 29, has been postponed until 2027. The delay is due to ongoing attacks by Houthi forces targeting locations within Saudi Arabia, including Riyadh Airport and the Saudi Aramco headquarters. According to the draft agenda, planned attendees included senior executives from financial giants such as Goldman Sachs, JPMorgan, and Blackstone.

华尔街见闻•2026/10/19 21:01