12:48 PM EDT, 04/01/2024 (MT Newswires) -- BMO hosted CN Rail for a series of meetings with institutional investors. Ghislain Houle, EVP & CFO, and Stacy Alderson, AVP Investor Relations represented the company.

"We walk away from these discussions with reinforced conviction in CNR's outlook for mid-single digit volume growth and 10% EPS growth in F2024," writes analyst Fadi Chamoun.

Chamoun adds, "As the rail industry continues its gradual recovery from a bruising five-year decline, we expect that cyclical tailwinds and CNR idiosyncratic growth opportunities will help accelerates EPS gains in F2025 and F2026."

CN Rail is rated Outperform, with a $195 target.

Price: 178.24, Change: -0.13, Percent Change: -0.07